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17 search results, Apartment blocks for sale in Kira Wakiso (Sponsored)
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WHÈN TO DEDUCT FRÓM THE SECURITY DEPOSIT.
As a tenant, one of the most significant financial transactions you'll encounter is renting a property, and part of that process involves paying a security deposit. Likewise, as a landlord, the security deposit is a crucial element of safeguarding your property and ensuring that it remains in good condition.
However, disputes often arise when it comes to refunding or deducting from the security deposit at the end of a lease. To prevent conflicts and misunderstandings, it's essential for both tenants and landlords to understand the circumstances under which deductions from the security deposit are justified.
1. Property Damage: One of the primary reasons for deducting from the security deposit is to cover the cost of any damages beyond normal wear and tear. Normal wear and tear refers to the expected deterioration of a property due to regular use over time. For example, faded paint, minor scuffs on the floor, or loose doorknobs are considered normal wear and tear.
On the other hand
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