How do rental deposit refunds work?

Private Property South Africa
Private Property Reporter

Michelle Dickens of the Tenant Profile Network talks about how the landlord and tenant both need to perform a joint incoming and outgoing inspection of the property to determine any damage that the tenant may have caused to the property. Deposit refunds must occur within 7 days of the lease agreement ending if there's no damage. If there's damage, the deposit must be refunded within 14 days of restoration of the property. If the tenant doesn't perform the outgoing inspection with the landlord, the deposit should be refunded with 21 days of the lease agreement ending.

Looking to sell your home?
Advertise your property to millions of interested buyers by listing with Private Property now!
List your home privately

Share:

Found this content useful?

Get the best of Private Property's latest news and advice delivered straight to your inbox each week

Related Articles

What needs to be stated in a lease agreement?
Michelle Dickens of Tenant Profile Network, tells us that according to the Rental Housing Act, lease agreements will now need to include landlord and tenant rights.
Whose fault is the flood?
A demanding tenant can push a landlord over the deep end and, if not held in check, can end up flooding the owner with expenses. In one instance recently brought to our attention, a tenant has been making unreasonable demands ...
Can a landlord legally disconnect a tenant's utilities?
Q&A with Michelle Dickens from the Tenant Profile Network Transcript: The disconnection of utilities, both electricity and water, is illegal in terms of the Rental Housing Act. That applies to residential tenants. In terms of ...
;