Deposit Deductions: A Guide for Relocated Employees
Deposit deductions often cause confusion and concern among tenants and working expats unfamiliar with the process. When renting a property, tenants typically pay a security deposit at the beginning of their tenancy. This deposit serves as a financial safeguard for landlords against potential damages or unpaid rent. However, tenants need to understand the specific circumstances under which landlords can legally make deductions from this deposit at the end of the tenancy. Knowing your rights and responsibilities can help prevent wrongful deductions and disputes and ensure a fair and stress-free conclusion to your rental agreement before your repatriation or next assignment. This guide outlines the legitimate reasons for deposit deductions, what landlords cannot deduct, and practical steps tenants can take to protect their deposits.
