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Most lease agreements lay out specific requirements that need to be met in order for the tenant to get a security deposit refund on move-out day. You can't claim that you didn't know about the ...
The tenant pays over the deposit (commonly one month's rent) in the usual way when the tenancy agreement is signed. The landlord or letting agency has 30 days from receipt of the deposit to provide the tenant with details of the scheme that they are using (known as the prescribed information).
As a consequence, DRE forwarded to the applicant's head office a memorandum of agreement of lease for signature, accompanied by a letter dated September 18, in which the applicant was requested to return the memorandum, duly signed, as soon as possible, together with a cheque for the first month's rental, deposit and incidental charges.
A damage deposit or deposit is a sum of money paid in relation to a rented item to ensure it is returned in good condition. They are particularly common in relation to rented accommodation , where they may also be referred to as a tenancy deposit , bond deposit , [ 1 ] or bond .
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Scammers may overpay by check, asking victims to refund the difference, only for the check to later bounce, leaving victims liable. Other scams involve fake listings where scammers posing as landlords request deposits before viewings, or charge high fees for background checks, mirroring tactics in check overpayment scams. Rental scams often ...