A dilapidation deposit is payable on all tenancies. This amount of money is held either by ourselves or the landlord throughout the tenancy. This deposit may be used at the end of the tenancy to effect any repairs, maintenance and or cleaning required to bring the property back to the condition it was in at the commencement of the tenancy. We regret that interest is not payable on deposits.

The amount of deposit required will vary between:

• 1 month’s rent plus £100.00 and
• 6 Weeks rent

Dependant upon the requirements of the individual landlord. The actual amount required is printed on our property details.

It is usual that Crofters will hold the dilapidation deposit in accordance with the terms and conditions of The Tenancy Deposit Scheme. Crofters are members of ‘The Dispute Service’ who would act as mediators in the event of any dispute between the Landlord and Tenant with regard to Dilapidations. There are occasions whereby the landlord will be holding the deposit, you will be advised if this is the case. Landlords also need to be registered on the Tenancy Deposit Scheme.

As members of the UKALA our accounts are bonded a Client Money Protection Scheme which covers the deposit against any act of dishonesty by Crofters which means any money’s held by Crofters are 100% safe.

Your deposit will be refunded with the minimum of delay usually within 5 working days of you vacating the property. Please note that the time scale my increase if it is necessary to arrange for quotations/estimates due to damage caused to the property during your tenancy and an administration charge of £50.00 + vat will be applied.

Please take a look at our Tenancy Deposit Scheme page.

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We are pleased to advise all tenants that there may be a chance that their chosen tenancy can be offered with a nil requirement for a deposit to be paid. How?

Smart Deposit Solution

A zero deposit option for tenants, a smart option for landlords…

What is Smart Deposit Solution?

FCC Paragon has recognized the potential problems for both landlords and tenants when it comes to deposits on rental properties. With more and more legislation which landlords have to adhere to for holding tenant deposits and the increasing cost of living which may mean tenants cannot afford the upfront cost of a deposit, we thought it was about time something changed! This is why we developed smart deposit. Smart Deposit is a warranty product which benefits both the landlord and the tenant. It allows the tenant to move into a property without having to find a large, sometimes unaffordable upfront sum and it covers the landlord for damage to the property and unpaid rental without them having to worry about holding a tenants deposit. Available for tenancies with rental amounts of up to £2100 per calendar month. The tenant is required to pay a one off fee (currently £145.00) we highlight the benefits below No Large up front deposit has to be paid, just a small fee to for providing the warranty Tenants can move in properties quicker as they won’t have to save for a deposit or wait for their deposit on a previous property to be released from a deposit scheme. Tenants can move out without the worry of having to wait for their deposit to be repaid to them. The on off fee provides a smart deposit solution warranty for the life of the tenancy. However long that may be (only applicable for damage cover, the last months unpaid rent rental cover must be renewed and paid by the landlord in line with the tenancy agreement).

Contact us to enquire whether your chosen landlord is taking part in the scheme.