Before your tenancy commences
The first month’s rental payment plus deposit must be received in cleared funds before the date the tenancy commences. Failure to do so will delay the handover of keys to the property. The deposit is usually equivalent to one months' rent (although some Landlords require a sum equivalent to five weeks' rent). The deposit will be held by The Deposit Protection Service in accordance with the Tenancy Deposit Scheme, for the duration of the tenancy to offset any costs to remedy any breach of the tenancy agreement. The deposit cannot be used as the last months' rental payment.