Protecting tenant deposits is a legal requirement for all landlords and letting agents. You must protect deposits with a government-approved scheme and provide prescribed information to tenants within strict deadlines. Failure to comply results in court penalties and loss of eviction rights.
Deposit amount limits
The maximum deposit you can charge is capped by law in England only under the Tenant Fees Act 2019. Wales has no security deposit cap. Scotland caps deposits at 2 months' rent. Northern Ireland has no specific deposit cap legislation.
Legal basis
Primary legislation and key regulations
Official guidance
Regulator of Social Housing (opens in a new tab)
RSH
Fees you can charge as part of a tenancy (opens in a new tab)
MHCLG
Welsh Government - Renting Homes guidance (opens in a new tab)
www.gov.wales
Developing a tourist accommodation registration scheme in England (opens in a new tab)
DCMS
Estate agents: your responsibilities (GOV.UK) (opens in a new tab)
GOV.UK
Fire safety risk assessment - sleeping accommodation (opens in a new tab)
Publication · Home Office