The deposit amount should be agreed before signing and stated clearly in the lease.
It should be proportionate to the rent, furnishings, property condition and genuine risks of the tenancy.
The agreement should explain whether it covers unpaid rent, utilities, missing items, cleaning beyond the agreed standard or tenant-caused damage.
A deposit is not an automatic payment to the landlord at the end of the lease.
Both parties should sign an inventory and condition report so that later deductions can be assessed fairly.
The landlord should provide a receipt and keep the deposit record separate from ordinary rent records.
Tenants should avoid paying cash without written confirmation.
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