Jargon Buster

Jargon Explanation

Deposit

Any sum collected from the tenantwhat's this? at the start of the tenancy as prescribed in the tenancy agreementwhat's this? and held by the Agentwhat's this? or Landlordwhat's this? as security against performance of obligations under the tenancy agreement, any damage to property and/or non-payment of rent during the tenancy period.

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