Many landlords, agents and private accommodation providers will require tenants to pay a tenancy deposit.
The tenancy deposit will often amount to around one month’s rent and is a returnable payment should the property be returned if the terms of the tenancy agreement is met, the property isn’t damaged and all rent and bills have been paid.
In the instance the property is damaged or the tenant has not met the terms of the tenancy agreement, the deposit may be used to cover any costs incurred by the landlord, agent or private accommodation provider. However the deposit should not be used to cover the cost of reasonable, fair wear and tear.
All deposits must be protected within 30 days of the deposit being paid in a government authorised protection scheme; www.depositprotection.com; https://www.tenancydepositscheme.com/ , www.mydeposits.co.uk.
These schemes protect the deposit and offer a means to resolve any disputes between tenant and landlord, agent or accommodation provider.
For further information on tenancy deposits, you the gov.uk website provides a useful guide.