Mar
3
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Is the no-deposit scheme correct?

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I would appreciate your views on the following. I had a new tenant sign up for a 12 month (fixed-term) AST for a room at £550 pcm.

I gave the tenant the option of providing a deposit equal to 5 months’ rent or for him to set up an arrangement with a no-deposit scheme equal to the value of 8 weeks rent.

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