Calculate the maximum legal deposit under the Tenant Fees Act 2019.
5 weeks rent for annual rent under £50,000 · 6 weeks for £50,000+
Under the Tenant Fees Act 2019, the maximum deposit a landlord can charge is:
• 5 weeks rent where the annual rent is less than £50,000
• 6 weeks rent where the annual rent is £50,000 or more
The weekly rent is calculated as: monthly rent × 12 ÷ 52
The deposit cap applies regardless of pets, furnished status or any other factor. You cannot charge a higher deposit for properties with pets.
The deposit must be protected in a government-approved scheme within 30 days of receipt.