Is Rent Paid in Advance the Same as a Deposit?


Share on facebook
Share on Twitter
Share on Google+

The answer is no. A tenancy deposit is different from an advance because a landlord is required by the law to protect it under a deposit scheme and refund it (after deductions if any) to the tenant within 10 days of the end of the tenancy. Rent paid in advance requires no protection and is not refundable at the end of the tenancy.


Share on facebook
Share on Twitter
Share on Google+

Subscribe To Our Newsletter