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Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

insolvent

What happens to your deposit if Agent is declared insolvent?

11 June 2014 By Fullstop

Property Poser

A tenant has asked the Property Poser expert what he should do about reclaiming his deposit when the rental agent has been declared insolvent. The reader writes that he has rented a property for the past five years and is now vacating the property. An agency acted on behalf of the landlord in managing the rental process and the reader would now like his deposit returned. However, the reader complains that the landlord refuses to return his deposit as the agent is under sequestration and he … [Read more...] about What happens to your deposit if Agent is declared insolvent?

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