What is a security deposit?
When you move into a rental property you will be required to pay a refundable security deposit.
The deposit is designed to provide the accommodation provider with a financial commitment that you're going to uphold the terms of your tenancy agreement. Keep in mind that throughout your tenancy, the deposit remains your property and is just being securely held by your accommodation provider.
Will I get my security deposit back?
Provided your tenancy runs smoothly and you leave the property in the condition you found it, you will receive your deposit back in full when you move out. However, the accommodation provider is entitled to make deposit deductions for missing items, damage or breaches to the terms set out in the tenancy agreement.
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