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Which type of deposit is paid in advance to protect landlords against nonpayment?

1 Answer

3 votes

Answer:

Security deposits

Explanation:

security deposits are the amount of money that the landlords are supposed to acquire from tenants in advance while renting out the property as to protect against non-payment.

At the natural time of expiry of the contract between the landlord and tenants the security deposits can be utilized by the landlords for following causes:

Non-payment of rent

Any damage to the rented property

Any other non-paid dues !

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