Tenancy Deposit

The Tenancy Deposit is an amount of money which is paid by the Tenant(s) to cmRENT and registered by the Landlord or cmRENT in 1 of 3 government approved deposit schemes. It could be used to return the property back to the condition in which it was provided to you, if necessary, either during or at the end of the tenancy.

Once we have received your deposit payment along with your signed Tenancy Agreement, we will place the property 'UNDER OFFER' on our website.

The property details on our website www.cmrent.com state how much Deposit is to be held but as a general guide, your Deposit amount is usually as follows;

• 1.5 times the rent - Unfurnished properties
• 2 times the rent - Furnished properties OR some properties where Pets are allowed

Note: If a Landlord allows a pet, they may ask for an increase in the Dilapidation Deposit due to a higher risk of damage being caused.

The Tenancy Deposit amount can be held by cmRENT, the Landlord or 1 of the Deposit Schemes. If the tenancy is an Assured Shorthold Tenancy which started on or after 6th April 2007, the Deposit has to be registered with one of the 3 authorised Deposit Protection Schemes.

As a standard clause in our Tenancy Agreements, any Interest earnt on your deposit money is not payable to you.

The Tenancy Deposit will be registered by us if we are providing a Management Service to the landlord or by the Landlord if they are managing the property themselves. Sometimes if it is non-managed, we may still register and hold your deposit on their behalf.

You will be notified within 14 days of paying your Deposit money, who is holding it and which scheme it is registered in. You will also be informed of the rules of it's use during and at the end of the Tenancy.

Please refer to the Final Check-Out section for more details about the return of your Deposit money at the end of the Tenancy.