When is deposit returned

Develop and improve products. List of Partners vendors. Landlords Tips. By Erin Eberlin Full Bio Twitter Erin Eberlin is a real estate and landlord expert, covering rental management, tenant acquisition, and property investment. Learn about our editorial policies. Updated on May 08, Nonpayment of rent is considered a breach of lease.

Article Sources. Your Privacy Rights. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. Who holds the security deposit? When should a deposit to be returned? Reasons why a security deposit may be withheld By law, a deposit is considered to belong to the tenant but the landlord can establish a right to keep the deposit in the following certain circumstances: Rent Arrears If at the end of the tenancy, there is rent outstanding, the landlord may retain part or all of the deposit to cover the rent arrears.

Examples of these damages could be; A broken window. Holes in the wall. Leaving litter or personal items in the property. Leaving the property in an unhygienic or unsafe condition.

Not returning the property in a clean manner. Items broken or missing from the inventory. Outstanding utility bills and other charges. The tenant should always retain a copy of the bills to ensure that payment is applicable to what is being owed If a tenant provides insufficient notice of their termination of the tenancy, or they terminate a fixed term tenancy before the end of the agreed term. Once a tenancy has ended, tenants are often very keen to have their deposit returned in a timely manner.

The question is often asked, when will I get my deposit, or more often: how quickly will I get my deposit back? If your landlord holds your deposit so should be protected in the Insured scheme , the landlord should pay your deposit back within 10 days of your request for the deposit to be returned.

A tenant cannot request the return of their deposit before the tenancy ends. If your deposit is being held in a custodial scheme, you can request its return directly through the scheme. We will ask your landlord or agent to respond to the request, and if they agree we will process the payment quickly, usually within 2 working days.

Tenant Notice. Landlord Notice. Moving Out. Returning Deposits. Ending a Tenancy in Special Circumstances. Items Left Behind. Claims for Damages or Loss. Changing Your Mind. What are the rules for getting a deposit back after the tenancy ends? What does a tenant need to do to get their deposit?

Give the landlord proper written notice to end the tenancy. Provide a forwarding address to the landlord, in writing. Thoroughly clean the unit and fix any damage done besides wear and tear. Remove all belongings. Participate in the move-out condition inspection or have a representative participate on your behalf.