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  • milkes Hi all! How do I keep a deposit on a rental property in the UK? A bond refers to a certain amount of money deposited by a property owner or real estate agent in order to reserve the property before the final agreement is signed.
  • biancaholtermann In the UK, the term "lease deposit" is commonly used for a mortgage on a rental property. Landlords in England, Wales and Northern Ireland are required by law to protect a tenant's deposit under a government-approved rental security deposit protection scheme within 30 days of receipt. Scotland uses a different system called the Rental Deposit Scheme (TDS). In the article on this website you can learn about this information. Within 30 days of receiving the deposit, you must provide the tenant with the prescribed information about the deposit protection scheme, including the name and contact details of the scheme, the method of deposit protection, and how to apply for a refund of the deposit.

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