The maximum you can ask a tenant is a week`s rent in the form of a deposit. If you have more than one tenant and you are all responsible for the rent, you should pay the amount they all own together. If z.B. two tenants pay $200 a week, you can pay them a security deposit of $200, not $200 each. Aggrieved tenants are not without recourse when presented with a rental document that does not comply with the hda conditions, while the practical justification of their rights will be a difficult path. In a demand-driven rental market, potential tenants can be too easily exploited and forced into unreasonable trade-offs. It is hoped that the clarity of the legal situation of the pre-rental period will also help to improve the position in practice. Landlords – if the landlord or landlord does not own a property after receiving a security deposit or decides to rent it according to a person or person after a cheque, this should be returned to the potential tenant in its entirety. You are not allowed to make multiple storage funds for the same property. A property can be tendered at several locations, which can lead to double bookings. Therefore, tenants should check whether the property is promoted elsewhere before agreeing to pay a deposit. You cannot simultaneously deposit a deposit of more than one person for the same property.

A tenant is entitled to a full refund of his deposit if a lessor or broker imposes a requirement contrary to the prohibition of rental fees. You should normally get your deposit back within 7 days if either: The owner must write to you within 7 days to explain why they hold the stock deposit. If they do not, they must return the stock deposit entirely. You can keep all or part of the deposit if a tenant: keywords: deposits, landlords` obligations, rents, rentals, rental rights, landlord, tenancy agreement, rental contract, real estate ombudsman, unless the landlord has acted in such a way that it would be unreasonable to expect a tenant to have a rental agreement with them. and subject to a ban on rental fees. If you decide to withhold all or part of your holding deposit, you must explain in writing why you hold a tenant`s storage deposit within 7 days of the decision not to rent it if it is before the agreement deadline or within 7 days of the expiry of the “agreement period”, otherwise you lose the right to keep your deposit and you must return it. You must inform the tenant in writing why you have retained his deposit. Unlike security deposits, there is currently no legal obligation to protect deposits. As such, the money is usually deposited directly into the owner`s bank account and he must take appropriate steps to ensure that the money is kept safely.

That`s why it`s important to have a written deposit contract.