The Property Poser panel has been inundated with queries from former tenants whose rental deposits have been unlawfully withheld by their landlords. This week, a reader writes that she vacated a rental property just over two months ago and was told by her landlord that she would have to wait 30 days before her deposit was repaid. She was also informed that she would receive only the original amount paid, without any accrued interest. The reader says she is still waiting for her deposit … [Read more...] about How to reclaim your rental deposit
rental deposit
Who should hold the rental deposit?
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?
