The booking deposit is commonly the quantity of one month’s rent. Landlords ask it to make sure you will take their house, apartment or villa… so they can cancel other requests from other people for viewings or renting the property.
After the landlord accepts this deposit, if he or she rents the house to another party or changes his/her mind (sell the house, don’t want you to rent the property), he/she must compensate for double the deposit.
This deposit becomes part of the security deposit, or advance rental payment after the entire lease agreement is signed.
The landlord will keep a security deposit which is usually one month of the property’s rental and will be refunded at the end of the duration of the contract.
The security deposit is to protect the landlord against any damage caused by a renter. In case there is any damage to a property, the landlord has the right to deduct the cost of repairs from the security deposit when the tenant moves out.
The security deposit also helps the landlord to pay for utility bills from tenants who move out without notice before the end of the duration of the contract.
No, you do not have to pay any fee when renting property from us. Landlords pay for us commission when we help them find customers and help them draft house lease contract.
According to the common lease contract, if the Lessee Terminates the Contract unilaterally before the due date, the Lessee shall lose the deposit but shall not lose any previous unused paid rent.
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For houses, most landlords require a 1-year lease contract. For apartments and serviced apartments, some landlords agree to a short-term lease, but the price will be higher than the one year contract (depending on the lease period).
If you ask for a red invoice to give it to your company, you will need to pay 10% more for the rental price for VAT