Helpful Industry Contact List
Bank Number Website ABSA 0800 1111 55 www.absa.co.za First National Bank 087 575 9404 www.fnb.co.za Nedbank 0860 555 111 www.nedbank.co.za Standard Bank 0860 123 000 www.standardbank.co.za Entity Number Website Banking ...
Question: When do I get my deposit back?
Answer: If there are no deductions from a deposit, your landlord must issue a refund within seven days of the inspection and if repairs are necessary the deposit minus deductions must be refunded within 14 days of "restoration of the dwelling" as per ...
Question: Is my landlord allowed to withhold my deposit?
Answer: The purpose of a deposit is to reimburse the landlord for any outstanding money that is owed or to cover the costs of repairing any damage over and above "fair wear and tear. If your landlord does withhold your deposit, he will need to supply ...
Question: Do I have to pay a deposit?
Answer: It depends on your lease agreement. If your lease agreement requires you to pay a deposit (usually equal to one month's rent, sometimes two months) then you will need to do so in order to occupy the premises. This applies to both verbal and ...
Question: What happens to my deposit?
Answer: During the rental period, your landlord must invest the deposit in an interest bearing bank account or the letting agent must invest it in a trust account. At the end of your lease, the full deposit as well as the interest it has earned ...