For each tenancy, record the amount, the date it was received and any notes. It stays with the tenancy, so you always know whose deposit is whose, even when rooms turn over often.
Protecting the deposit is up to you
If a deposit needs protecting in a government-approved scheme, you do that with the scheme directly. Rentap doesn't track the scheme or the deadline. See our guide to tenancy deposit protection for the rules.
At the end of the tenancy
Record what was returned and any deductions, with a reason for each. The end of tenancy inventory, with notes and photos, is kept with the room.
Questions
What does Rentap record about a deposit?
The amount, the date you received it and any notes, kept with the tenancy. When the tenancy ends, you record what was returned and any deductions, with a reason for each.
Does Rentap protect the deposit for me?
No. If a deposit needs protecting in a government-approved scheme, you do that with the scheme directly. Rentap doesn't track the scheme or its deadlines.
Does Rentap hold the deposit money?
No. Rentap never holds tenants' money. The deposit is paid to you, and Rentap keeps the record.
This page is general information about England, not legal advice. Rules change and every tenancy is different; if your situation is unusual, speak to a solicitor.
Start letting your rooms the easy way
Set up in an evening. 1 month free, no card needed.