Rent in advance

When you’re renting a property, you will have to pay your rent in advance. This means on the day you move in, you need to pay for the upcoming month and will most likely continue to pay like on the same day each month for the length of your contract.

Deposits

Most Private Landlords will ask for a deposit as well as rent in advance when you first move in. This is usually the same amount as the rent. It is to cover any damage to the property during your tenancy, that isn’t ‘normal wear and tear’. The Landlord has to put it in a special account (not just their own bank account) and give you proof that they have done this. These accounts are called tenancy deposit protection scheme and you can find out more about them here