Answer: During the rental period, your landlord must invest the deposit in an interest bearing bank account or the letting agent must invest it in a trust account. At the end of your lease, the full deposit as well as the interest it has earned should be returned to you.
The landlord is entitled to deduct any amount still owed to him as well as the cost of any damages you may have caused during your stay on the property.
“This response has been prepared for information purposes only and does not constitute legal advice, or a legal opinion, the practical application will vary depending on the facts of each case. Please obtain a full legal opinion from a legal professional or tax practitioner if you wish to act on any aspect hereof as the response is not fully comprehensive.“