--- title: What is a tenancy deposit? description: What is a tenancy deposit? --- [Skip to content](https://help.lettingaproperty.com/knowledge/what-is-a-tenancy-deposit#main-content) English Show submenu for translations [Get in touch](https://help.lettingaproperty.com/knowledge/kb-tickets/new) [![LettingaProperty.com - LOGO 1](https://help.lettingaproperty.com/hs-fs/hubfs/LettingaProperty.com%20-%20LOGO%201.png?width=120&height=49&name=LettingaProperty.com%20-%20LOGO%201.png)](https://help.lettingaproperty.com/knowledge) Open main navigation Close main navigation - English Show submenu for translations - [Get in touch](https://help.lettingaproperty.com/knowledge/kb-tickets/new) - [lettingaproperty.com](https://www.lettingaproperty.com/) [lettingaproperty.com](https://www.lettingaproperty.com/) Hello. How can we help you? - There are no suggestions because the search field is empty. 1. [Help Centre](https://help.lettingaproperty.com/knowledge) 2. [Payments](https://help.lettingaproperty.com/knowledge/payments) 3. [Tenancy deposits](https://help.lettingaproperty.com/knowledge/payments#tenancy-deposits) # What is a tenancy deposit? A tenancy deposit, or security deposit, is a sum of money paid by a tenant before they move into a rental property. Deposits can be used to cover costs incurred by the tenant at the end of the tenancy, such as property damage or outstanding rent arrears. Deposits collected via [lettingaproperty.com](http://lettingaproperty.com/) are paid with the first month’s rent, after the tenancy agreement is signed and before the tenant moves in. In England and Wales, the deposit can be more than five weeks’ rent (or six weeks for rents above £50,000 a year). 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