We got your reaction
A security deposit is a sum of money paid by a tenant to a landlord or property owner at the beginning of a lease or rental agreement. The purpose of the security deposit is to provide financial protection to the landlord in case the tenant causes damage to the property or fails to pay rent or other expenses as agreed. If the tenant fulfills their obligations under the lease or rental agreement, the security deposit should be refunded in full or in part at the end of the tenancy. However, if the tenant breaches the terms of the lease or causes damage to the property, the landlord may use the security deposit to cover the costs of repairs or unpaid rent.
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
We got your reaction
A security deposit is a sum of money paid to a landlord or property management firm before a tenant moves into a flat or home. This cash is used to pay for potential rental damage such as carpet stains. If you have unexpected bills or a temporary loss of employment, you may also be able to make up a missed rent payment, preventing you from being evicted.
Read More: What is a security deposit?Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What is a security deposit?
deepak.bhosale04@gmail.com
53Views
1 Year
2023-05-12T09:04:46+00:00 2023-05-12T11:07:06+00:00Comment
2 Answers
Share