If a tenant wants to move out at the end of the fixed term and recieve his deposit back, but the remaining tenants wish to stay (and can replace the outgoing tenant) is there a way to do this and sign a new AST without all of the remaining tenants paying a new deposit out of pocket a second time.
Can we arrange it so that the tenants who are staying have their deposits kept at DPS, and the incoming tenant pays their share? The outgoing tenant receive their deposit back less deductions which the tenants can apportion between themselves. This avoids the financial difficulty of having to pay out a second deposit without havign received the first. Is it simply down to Open Rent facilitating such an agreement between landlord and tenants? If not is there an alternative?