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Rent Deposit Deeds

We provide commercial landlords and tenants with expert legal advice on rent deposit deeds; our experienced commercial law solicitors will ensure your interests are protected and will keep you updated at every stage of the process.

What is a rent deposit deed?

When a tenant is taking a new lease from a landlord, the tenant has to prove that he will be able to afford the rent; this is typically done by providing a bank reference and two trade references.

However, if a landlord is not confident that the tenant will be able to pay the rent he may ask for a deposit of up to 6 months’ rent, which will be documented in the form of a rent deposit deed.

Usually, the tenant will get this money back at the end of the lease, or when he transfers the lease to someone else with the landlord’s consent. However, if the tenant fails to pay the full amount of rent on time, the landlord is entitled to take money from the deposit to compensate, and may insist that the tenant then tops up the deposit.

Contact Business Lawyers Direct

For expert legal advice on rent deposit deeds, Call Business Lawyers Direct today on or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.

Business Lawyers Direct is a division of A.S. Matthews Limited which is authorised and regulated by the Solicitors Regulation Authority (561754). Registered office: 136 Park Lane, Whitefield, Manchester, M45 7PX. Company No: 7643746. VAT No: 116572715. Director: Andrew H. Kormornick.
Any reference to partner in relation to a firm means a director of the Company or an employee or consultant of equivalent standing and qualification.