30 Jan 2013
A Property24 reader asks:
What is the maximum time a landlord has to refund your deposit after premises has been vacated? If all is in order.
The Rental Housing Act is very clear on the terms on which a deposit must be repaid. The period in which the landlord is obligated to refund the tenant’s deposit is determined by whether or not there is any damage to the property and if the tenant attended the move out inspection. These terms can be summarised into three main periods:
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