Can Security for Expenses Ltd. hold security for rent deposits?

Yes. It is common for a tenant entering into a new lease to be required to pay a rent deposit. This can be a substantial sum to be held for a considerable period. As solicitors are increasingly reluctant to hold such funds in client accounts, it is often held by the landlord which is not always satisfactory to the lessee. We can hold such deposits and will vary our standard Terms of Business in the Contract Schedule to reflect the release mechanism agreed by the parties.