Sale and Rent Back - Deposit?

A deposit involves money being paid from a tenant to a landlord and the expectation of the subsequent repayment of some or all of it to the tenant. Accordingly, the 30% was not a deposit but a deferred purchase price payment.
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Deposits and Tenancy Deposit Schemes

Many landlords take a deposit from tenants to hold for the duration of the tenancy. When the tenant moves out, this is returned to the tenant less any deductions permitted: typically for damage (above fair wear and tear), additional cleaning, and cover any outstanding rent. Note: deposits can only be withheld if stipulated what the deposit is being held against in the contract.