A sum of money a tenant pays to a landlord at the start of a tenancy as security against damage or unpaid rent. It remains the tenant's property and must usually be repaid at the end of the tenancy, less any lawful deductions. In family orders, one parent may be required to pay the deposit to secure an interim or new home.
In Plain English
The upfront payment made to a landlord at the start of a rental to cover potential damages or unpaid rent. In family court, one person might be ordered to pay this to help the other person secure a new place to live.
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