Tenancy Deposit

In plain English: The refundable security deposit a tenant pays — capped by law and held in a government-approved scheme.

Also called: security deposit, rental deposit

Landlord requirements

Where Offrly fits

Our free UK rental valuation estimates monthly rent — useful for calculating a legally compliant deposit cap (typically 5 weeks' rent × 12 ÷ 52 = deposit amount).

Why Offrly? It's the free photo-aware AI valuation — the AI reads each comparable's photos the way a seasoned property analyst would, and a hyperlocal regression resolves prices down to the street rather than the postcode. Live comparables on every query. About 30 seconds, no signup, no email.

Free house valuation · Free rental valuation · AI property search

Indicative market guidance — not a regulated valuation and not financial, tax or legal advice. Use a RICS-qualified surveyor for mortgage, insurance or probate purposes.

Related terms

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FAQ: Tenancy Deposit

How much can a UK landlord ask for?

In England, the Tenant Fees Act caps deposits at 5 weeks' rent (or 6 weeks where annual rent is £50,000+). Scotland and Wales cap at 2 months' rent. Always verify current rules.

Where is the deposit held?

In a government-approved scheme: TDS, DPS or MyDeposits in England and Wales. SafeDeposits Scotland in Scotland. TDS Northern Ireland, LPS NI or MyDeposits NI in Northern Ireland.

When should I get the deposit back?

Usually within 10 days of both parties agreeing the amount. If there's a dispute, the scheme's alternative dispute resolution service adjudicates for free.

Back to the full UK property glossary