Newbie, need help with deposit pls

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Sarah C
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Hi, please forgive my ignorance, if this is possibly going to be the most stupid question out there? I have only very recently joined the RLA as before i have used an estate agent to let my property of which they did all the work for me, so this is all completely new. I have a tenant wanting to move in on 1st May, and i am getting her deposit of 200 from her next weekend. I have used the documents on this site to set up a Assurent shorthold tenancy agreement. But i just wondered what do i actually do with the deposit of cash that she gives me for the deposit. What is the process and where is the money held????

Many thanks for your time,
Sarah.

11/04/2013 08:51

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