If you are moving to a rental property you will pay the house owner a deposit amount for the security in addition to the rent. The amount will be returned to you at the end of the lease period as mentioned in terms of the agreement.
Laws for Security Deposit
Your house owner must deposit your tenancy deposit amount in a government tenancy deposit TDP scheme and you should register your deposit with any one of the services mentioned below
- Deposit Protection policy
- My Deposits Scheme
- Tenancy Deposit service
When the landlord does not refund your security deposit in these cases
- Unpaid rent
- Excess damage
- Cost for end of tenancy cleaning
1. Termination of the lease before the mentioned period
If you end up the tenancy before the mentioned date, the house owner has the right to keep all security amount with them. In another case, some house owner returns only a half amount of security deposit.
2.Deny in rent payment
If you failed to pay the regular rent, the house owner has all the power to keep all the portion of the deposit amount.
If you cause any damage to the landlord property, they have full rights to keep the deposit amount or else they will refund the balance amount after the deduction of billing for damaging property.
4. Unpaid bills
If you failed to pay your bills like electricity use used, telephonic bill, maintenance bill, water bill, or some EMI and leaving your tenancy means the homeowners are responsible for those bills. So, in this case, they won’t refund your security deposit back to you.
To get full deposit amount Back you should follow
- Take pictures while Move-in
Before moving into the place you should take the photos of the entire building and mention previously damaged parts and make a note on that. This helps to recheck while you are leaving.
- Carefully shift your belonging
Extra care should be taken while shifting your things to the rented building to avoid the damages.
- Read the agreement terms
Read all terms and conditions listed in your tenancy agreement and follow the same.
- Should be careful with costly furniture’s
Maintaining their furniture and sofas is necessary when you are
leaving a check for the presence of wear and tears. In case if you found to fix it by yourself is the best option
- Take care of walls
Don’t allow your kids to make paint or scribble on the walls or else you have to make a new painting or varnishing before you leave
- On-Time payment
Regularly pay your rents and bills for every month without any pending
- Clean, clean, clean
Clean regularly with the help of cleaning tips we mentioned in our blog and intimate your landlord early about your vacation.
- Take pictures while Move -out
Take the pictures of the building to ensure that the building remains the same. Send one copy to your property owners for better clarification about the maintenance
- Giveback keys
It’s the right time to hand over the keys to the landlords. And make regular follow up to get the full deposit amount back to your account