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Rent Deposit Scheme:  The Bond Scheme 

The Rent deposit (Bond) scheme is for prospective tenants (18 ) in High Peak. This is a way of securing a deposit for those in need of accommodation who are claiming benefits or are on a low income.

High Peak Community Housing issue a Bond "offer" to prospective tenants and Adullam administers the Scheme.

The Bond is a paper bond and money does not change hands. It is a ‘promise’ of money made to the Landlord / lady that they can claim if there is any damage to property while you are the tenant.

This ‘promise’ lasts for six months in the case of single or childless couples. A Bond, equal to the sum of up to £300 is issued to single people or childless couples taking up tenancies in shared houses or flats for the first six months.. This will be re-issued for a further six months, on a discretionary basis, and at a reduced amount, if all parties agree.

A Bond of up to £500 is issued to families. In this case the Assured Shorthold Tenancy is expected to be issued for 12 months. Again, after expirary, there is some discretion to re-issue, at a reduced rate, for a further 12 months if all parties agree.

During that time you will be encouraged to replace the Bond a little at a time to your Landlord / lady so that you have some money which can be returned to you when you leave the tenancy.

As part of the Bond there is an expectation that tenants will have a minimum of four Support Meetings with a member of staff from Adullam.  This will include, for example;

  • Help with setting up Housing Benefit
  • Meter readings; organising utilities etc
  • Help with furnishings

Support can continue after the initial four meetings for as long as it is needed.

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This website is for :  people looking for private rented accommodation and landlords with accomodation to offer in the High Peak and Derbyshire Dales.

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Last Modified: 19 Aug 2013
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