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Rent / Lease Property Guide

Deposit and Expenses Other Than Rent

The amount of the rental deposit (normally, the landlord will require the tenant to pay a deposit equivalent to one to three months' rent as security deposit) and should be stated in the tenancy agreement. Unless the landlord has prior agreements, the deposit cannot be used to cover rental payments.

Upon termination of the tenancy agreement, the landlord is entitled to deduct from the deposit the amount of rent and fees that remains unpaid by the tenant. The landlord should also state the period of time for the landlord to return the deposit after termination of the tenancy agreement and whether the deposit will be adjusted according to the new rent if the tenancy is renewed. As a landlord, once the deposit is received, a receipt should be issued.

In general, no interest is payable on the deposit kept by the landlord during the period of tenancy unless prior arrangements have been agreed on. The tenant may ask the landlord to accept a bank guarantee in place of a cash deposit.

The tenancy agreement should state clearly which party will be responsible for expenses or fees related to the rental property. Expenses and fees usually include the following:

As each tenancy agreement may be different, it is important that your agreement clear states which party is responsible for paying rates, government rates, management fees, etc. The arrangements when such expenses increase or decreases should also be clearly specified.

The issue of who is responsible for the maintenance and repair of a rental property often causes disputes between a landlord and a tenant. Therefore, both parties should clearly specify their respective responsibilities in the tenancy agreement. These usually include:

Normally, the landlord may request the following terms regarding repairs to be included in the tenancy:

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