How much is my deposit for my professional property?

The total deposit amount depends on the rent of the property. Deposits are charged at 5 weeks rent, rounded down to the nearest £5, as the amount cannot legally exceed the 5 week amount.

The calculation for working this out is as follows: Rent PCM X 12 = Rent PA Rent PA / 52 = Rent PW Rent PW X 5 = Deposit (Rounded down to nearest £5) PCM – Per Calendar Month PA – Per Annum (yearly) PW – Per Week Using the above calculation, this would therefor mean that if the rent was £500.00PCM, the deposit would be £575.00.

More information here.