Tenants Deposits

It is common for Landlords to take a dilapidation deposit from a Tenant at the start of the Tenancy.. The deposit acts as a safeguard should the Tenant cause any damage to the property.

 

Security Deposit – (Per Tenancy)

Rent Under £50,000 per year 4 weeks rent:  This covers Defaults or Damages on the part of the Tenant during the Tenancy.

Rent of £50,000 or over per year 6 weeks rent: This covers Defaults or Damages on the part of the Tenant during the Tenancy.

The Tenant pays over the Tenant deposits (commonly 4 weeks rent) in the usual way when the Tenancy agreement is signed. The Landlord or Managing Agent has 14 days from receipt of the deposit to provide the Tenant with details of the scheme that they are using. If the Landlord is just using our advertising services, they will provide you with the Tenant deposits scheme they are using.

Please make your Deposit payment to our Client Account:

Bank Account Details:

Lloyds Bank PLC
BNR Property Services Limited
Account Number: 38967260
Sort Code: 30-65-85

We use www.depositprotection.com – If there is no dispute at the end of the Tenancy the Tenant deposits will be returned to the parties as agreed. If a dispute has arisen, then the parties will be invited to make use of the alternative dispute resolution process that is provided free within the scheme. Should the parties opt for alternative dispute resolution they will be bound by its decision with no redress to the courts.

If BNR Property Services have taken the deposit, The Deposit Protection scheme will contact the tenant with their own access and ID for the end of the tenancy, we will not have a copy of this information or ID, so you will need to contact the Deposit Protection Scheme directly for this or any queries with your deposits being held.