AST contract with no deposit

[Byff]

Against all my better judgement, I've agreed to let out one of my properties to a close colleague. Only trouble is, they only have enough savings to pay a month up front but not enough for a deposit.

I have my standard contract which states a deposit of £xxx etc etc, but how can I word the contract to state that no deposit was taken and more importantly, that I'm not dropping myself in it with all the deposit protection bull that a LL has to adhere to.

I know this is all going to end tits up but I want to make sure I'm good while things are rosy.

[Byff]

S6PNJ said:

Whilst I wouldn't recommend it, surely within your AST where it says "A security deposit of £****.** is to be paid on or before....." (in my ASTs it is section 1.11 and 1.12) you simply enter a value of zero. As there is no deposit, so there is nothinn to register with the deposit scheme.

That's what I thought - just wondering if it was as simple as that.