How much deposit can I be asked for?
Five weeks' rent, or six weeks if the annual rent is £50,000 or more — Tenarize refuses to record tenancy terms that exceed the cap.
The Tenant Fees Act 2019 caps a tenancy deposit at five weeks' rent, rising to six weeks where the annual rent is £50,000 or more.
Tenarize calculates the cap from the rent and refuses to save terms with a deposit above it, so a tenancy set up through the app can't exceed it.
Worth knowing: That's the tenancy deposit. A separate holding deposit is capped at one week's rent and has its own rules.
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Not legal advice
These answers describe how Tenarize works and summarise the law in England as the product implements it. They are not legal advice about your situation, and the law changes. For free independent help, Citizens Advice and Shelter both cover renting in England; for anything unusual or contested, take advice from a solicitor.
Tenarize does not currently support Scotland, Wales or Northern Ireland, whose tenancy regimes are different.