Is the move in deposit refundable?
Unlike a security deposit, move-in fees are generally non-refundable and typically not regulated. It’s up to the landlord’s discretion to decide how much to charge and for what expense.
Can I get my deposit back if I change my mind?
If you decide to cancel something you paid a deposit for, the seller is usually not required to give your money back. In some cases, the seller might allow cancellations if you change your mind, depending on the terms and conditions (see above).
How long does it take to get a deposit back?
If your landlord or letting agent refuses to use the ADR service you can take them to court instead. If you agree about part of your deposit, you should get back the money you agree on quickly. You’ll usually get your money back in 10 days – it depends on your situation and what scheme your deposit is in.
How long does a landlord have to return a deposit UK?
At the end of your tenancy Your landlord must return your deposit within 10 days of you both agreeing how much you’ll get back. If you’re in a dispute with your landlord, then your deposit will be protected in the TDP scheme until the issue is sorted out.
How does a refundable deposit work?
A security deposit is a refundable deposit that serves as collateral for a secured credit card. You make the deposit when you open the credit card account. The credit card issuer keeps the deposit and only uses it if you default on your credit card balance.
Can I sue my landlord for not returning my deposit UK?
they haven’t complied with the Tenancy Deposit Scheme rules. you could get 1 to 3 times your deposit in compensation if you go to court. what they have to do so you don’t take them to court – for example, they have to return your deposit.