security deposit agreement,
Know more about Security deposit agreement
Usually, all Landlords expect a security deposit or damage deposit from a tenant before he moves into a property. It is a single one-time payment and is mostly a month’s rent. The money is returned with interest on the deposit which is determined by each country or city’s stipulated regulations. Now it should be noted that a Security deposit agreement is not a receipt for rent.
Points in a Security Deposit Agreement –
The following points are included in a security deposit agreement –
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