WHY A DEPOSIT IS IMPORTANT
Oct 11, 2020
3 minutes
PICTURE: @shisuka
Q: I AM a new landlord and was thinking of not asking for a rental deposit to help tenants. What is its main purpose?
A rental deposit exists largely to protect the landlord against defaulting tenants and the lengthy, expensive process that is involved to evict them. If the correct eviction procedures are followed, it can take eight to 10 weeks for an eviction order to be granted, during which time the landlord is out of pocket. Besides the fact that the
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