Council Bond in place of deposit?
9:31 AM, 17th October 2022, 4 years ago
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Hi Everyone, My question relates to council bonds and if they are legally categorised as a deposit?
I ask because a legal cash deposit is capped at 5 weeks under the tenant fees ban, but would a council bond fall under the same regulations?
If the Council offered bond comes to more than the standard 5-week rent cap would this be considered a prohibitive payment?
Is it possible I could be set up for a fall and fine or rent repayment order?
Many thanks
DSR
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