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Home > Before the Tenancy > Just the Facts > Security Deposits

Security Deposits

A security deposit is collected at the start of a tenancy on the understanding that it will be returned if the tenant keeps certain conditions. The conditions will depend upon the reason that you ask for a security deposit. Usually the reason will be to make sure that the rented property is returned in good condition.

Most often a security deposit is a sum of money, but it can also be an item of property.

May 2006

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