Name change: From 1st April 2008,
Tenancy Deposit
Solutions Ltd
will be trading as mydeposits
Jargon Buster
Jargon
Explanation
Deposit
Any sum collected from the tenant at the start of the tenancy as prescribed in the tenancy agreement and held by the Agent or Landlord as security against performance of obligations under the tenancy agreement, any damage to property and/or non-payment of rent during the tenancy period.