Rentals in Lockdown #4 (Mar/Apr 2020) | Can You or Can’t You Use the Deposit During the Term of the Lease Agreement, with the agreement of both parties?
I think it’s common knowledge that the Rental Housing Act, requires that the tenant/s deposit be invested in an interest bearing account in terms of the RHA. To be specific, in subsection 5(3) the RHA states as follows: (c) the landlord may require a tenant, before moving into the dwelling, to pay a deposit which, […]
Rental Best Practice: Rental Deposits
In this articles I explain what I believe to be the rental best practices that should be employed when dealing with the all-important rental deposit – the only security the landlord holds in terms of the lease.