Paying rent and deposit
You'll usually pay the first month's rent and the deposit on the day you move into the property.
You should make sure you get a receipt for any payments you make to your landlord and agree a way that future payments should be made.
Some landlords will want you to set up a standing order with your bank – this means a set amount will be taken out of your bank account and paid into theirs on a certain date every month.
Be aware that:
- your landlord isn't allowed to charge you any more than two months' rent as a deposit. For example, if your rent is £400 a month, your deposit can't be more than £800
- neither a landlord or letting agent is allowed to charge you any extra money to start, renew or continue your tenancy
Tenancy deposit scheme
You will pay your deposit directly to your letting agent or landlord, who will lodge it in one of three tenancy deposit schemes.