First rent & deposit

Use this page to note amounts, generate messages, and tick off legal tasks. No payments are taken here.

1) What to collect

Legal: protect deposit & serve Prescribed Information within 30 days

2) Amounts & quick calculator

Max deposit = (5 weeks’ rent).

3) Deposit protection & Prescribed Information

Protect the deposit in an approved scheme and serve the Prescribed Information within 30 days of receiving the deposit.

Keep proof of protection and service (emails/receipts) with the tenancy file.

4) Email to tenant — bank transfer details

Security tip: warn tenants to phone you on a known number before sending money and to watch for fraud.

5) Record receipt (for your file)

6) Ongoing rent