Dilapidation Deposit

The Dilapidation Deposit is an amount of money which is held throughout the term of the tenancy and may 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, the Dilapidation Deposit amount is usually as follows;

• Unfurnished property - 1.5 times the rent
• Furnished property - 2 times the rent

Other amounts may be agreed on certain occasions, for instance if a Landlord allows a pet, they may increase the Dilapidation Deposit due to a higher risk of damage being caused.

The Dilapidation Deposit amount can be held by cmRENT or by the Landlord. 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 Tenancy Deposit Protection Schemes. cmRENT are a member of the TDS scheme which is backed by ARLA. Please refer to https://thedisputeservice.co.uk/ for more details about this scheme.

In any event, if we are holding your Dilapidation Deposit, we will hold it in a seperate bank account to our business account, called our 'client' account. Interest is not payable on your Dilapidation Deposit.

The Dilapidation Deposit is usually held by the Landlord if they are managing the property themselves, but we may hold it on their behalf in some instances. Your Tenancy Agreement will state who is holding your Dilapodation Deposit and the rules of it's use during and at the end of the Tenancy.

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