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Everything you need to know about rental deposits |
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Dear Guest,
Everything you need to know about rental deposits The rules for handling rental deposits are very clearly outlined in the Rental Housing Act, and yet certain misconceptions still occur amongst landlords and tenants. 1. Who is responsible for managing the deposit? A tenant's deposit is typically held by the individual or company managing the rental property. This could be a managing agent, or it could be the landlord. It's normally easy to tell who is responsible, since they will be the ones collecting your rent. 2. Why are there separate deposits for damages and services? Many tenants will be faced ...READ MORE
Pranil Maharaj
Principal, Prime Property
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Summer Square Launch !
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Join us for the Launch of Summer Square
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Should you invest in new or second hand property
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There are advantages and disadvantages to both buying options. Investment buyers should weigh these up every time they buy a property and go for what ...
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