Receipt for Tenancy Deposit
This Receipt for Tenancy Deposit document records that the Tenant has paid a deposit to the Landlord. A security deposit is usually taken to cover damage, breakages and cleaning at the end of the tenancy. Under the Tenant Fees Act 2019, from the 01 June 2019, security deposits for new or renewed tenancies in England must be capped at five weeks' rent if the yearly rent is under £50,000 or six weeks' rent if the yearly rent is £50,000 or more.
deposits for tenancies in Wales are not currently capped but the Renting Homes
(Fees etc.) (Wales) Act 2019 (due to come into force 01 September 2019) gives
the Welsh government the power to introduce caps in the future.
There is optional wording allowing the Landlord and Tenants (if there is more than one) to record how much was contributed by each Tenant. The Landlord agrees to repay the deposit in the same proportions.
Deposits relating to Assured Shorthold Tenancies (effectively most short-term residential tenancies) must be protected in an approved Tenancy Deposit Scheme in accordance with sections 212-215 and Schedule 10 of the Housing Act 2004. The Guidance for Landlords on Tenancy Deposit Protection provides further information.
Once the deposit has been protected in a Tenancy Deposit Scheme the Landlord should complete the Prescribed Information about Deposit Protection template and give it to the Tenant within 30 days of receiving the deposit.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Receipt for Tenancy Deposit is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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