Downloading Free Tenancy Agreements - A Checklist for UK Landlords Wanting Free Tenancy Agreements on iCalShare
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Shared on March 21, 2021 at 8:15 pm

Downloading Free Tenancy Agreements - A Checklist for UK Landlords Wanting Free Tenancy Agreements

The Tenancy bond

A Tenancy Bond is an amount paid by the tenant and held by the Department of Building and Housing. This amount can be up to the equivalent of four weeks' rent. The Landlord must give the tenant a receipt for any bond money paid, and then send the bond money to the Department of Building and Housing, along with the Bond lodgement form, within 23 working days of receiving it. This money is one of the protections that landlords are entitled to under the law. If things go wrong during the tenancy the landlord can ask to keep some or all of this money to cover costs. (If a claim is greater than the bond, a tenant may be ordered to pay the extra as well.) In the case of a boarding house tenancy, a boarding house landlord is not required to lodge the bond with the Department of Building and Housing if the bond is the equivalent to one weeks' rent or less. When the Department of Building and Housing receives a bond, they will send the landlord and the tenant an acknowledgement letter and a Bond refund form. The Department of Building and Housing holds the bond money until the tenancy ends, when either the tenant or landlord may apply for it to be refunded.

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