The importance of managing deposits with care: [an extract from an Article in: Property Professional – [30 September 2024]
Rental agents require a damage deposit from almost all tenants, for the purpose of financially protecting the landlord against damage caused by the tenant while living in the property.
This money belongs to the tenant but is managed on behalf of the landlord, so managing it responsibly is complex but crucial. Accordingly, deposit management is an integral part of PayProp’s offering….
The Original, Full article can be Viewed here: → https://propertyprofessional.co.za/2024/09/30/the-importance-of-managing-deposits-with-care/