This week the Property Poser experts deal with the issue of who should hold the deposit on a rental property. A reader writes that he recently purchased a unit in a sectional title complex with the specific intention of renting it out. The letting agents have advised him that they should be holding the deposit in their trust account. The reader is concerned however that the ultimate responsibility for the deposit, and, specifically the refunding thereof with interest, lies with him. He … [Read more...] about Who should hold the rental deposit?
agent
Letting Agent go
The question posed to our panel this week revolves around estate agents managing rental contracts. The reader would like to know whether he, as lessor, may terminate a tenant's contract and then continue with the same tenant under a new lease agreement that excludes the agent. He was told by the letting agent that only the tenant may terminate the lease agreement. Also, if the tenant and landlord were to conclude a new contract excluding the agent, the agent would still be entitled to his … [Read more...] about Letting Agent go
