Hello, I would appreciate it if some-one could advise me please. I have a prospective tenant who has passed referencing with a referencing agency I use. However, the tenants employer, an investment bank company are to pay me the security deposit and the month in advance directly to my account and then set up the Standing Order and pay the rent monthly to me directly. I have noticed that from their letter of intention to do this but they state 'that it it not a guarantee by the Bank of the obligations of the Tenant set out in the tenancy Agreement. In particular the Bank does not guarantee the obligations of the Tenants to pay rent under the Tenancy Agreement'. I have informed the tenant that the deposit must be part of the agreement as it will not hold up as a security deposit if it is the Banks money and they are not obligated to the AST agreement. I am not sure about this and the rental payments, which I will have to leave to the bank to set up (I usually organize this myself) but the Bank will not give out their bank details. The main issue to me is the security deposit, has some-one had this before and can let me know of the situation. Thank-you for any help. Kind regards, Janine