Concerns have been raised over "deposit-free" renting being mis-sold to tenants who do not understand the costs involved.
The option allows renters to pay a smaller, generally non-refundable fee in place of a traditional deposit.
Companies and letting agents offering it say it reduces upfront costs.
But campaign groups and the ombudsman have warned some are pushing deposit-free options without making it clear they could cost renters more over time.
A traditional deposit is typically up to five weeks' rent - but this is refunded at the end of the tenancy, minus any deductions for damage or unpaid rent.
Source
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #disputes on Discord