A security deposit is required for all tenancies and is equal to 5 weeks rent. This deposit is in addition to the advanced rent payment required.
The deposit acts as security for the performance of your obligations as a tenant under the tenancy agreement. This deposit will be returned to you at the end of the tenancy term without interest and subject to a deduction for damage or any other deductions that may be necessary to compensate the landlord for any breach of the tenancy agreement.
The same security deposit is required from Housing Benefit Tenants. Should the property be covered by the Bond Board and you wish to apply for a Bond, we MUST have confirmation, in writing, that this has been agreed before the tenancy can commence.
Please contact accounts@clemwoodward.co.uk for any information.
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