Your deposit is equal to 1 month's rent. Once you move in, it always needs to equal 1 month's rent and so if the rent rises or falls, your deposit will be adjusted.
Your deposit secures your tenancy and is refunded to you when you leave so long as your apartment is handed back in the same condition as it was handed over to you (allowing for regular wear and tear).
Your deposit is held in a separate bank account for the duration of your tenancy.
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