@gotogrant: If you are a Landlord & you cannot, with a click of a button or two substantiate or show your tenant's deposit with interest accrued then you are playing "loose & fast" with legislation outlined in the 'Rental Housing Act 50 of 1999. The provisions in the Act are clear; 1. The money remains the Tenant's 2. The funds need to be invested in a financial Institution in South Africa 3. This needs to earn interest, to the benefit of the tenant, at an interest rate equal to at least a savings account in South Africa 4. You need to be able to show and substantiate this deposit and interest accrued at ANY TIME. Managing your tenant's deposit in a compliant manner is the least of your duties as a Landlord. PS... NO you may not sneak a clause into the lease saying you don't have to pay interest. #capetownproperty #capetown #citybowl #westerncape #securitydeposit #deposit #rentalsincapetown#propertyincapetown #privateproperty #capetownsouthafrica
okay fine they get the deposit with interest, Who pays the bank fees of said account??
2025-10-06 16:56:43
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Lvotm03 :
Few landlords pay it back to tenants
2025-10-06 15:32:10
13
user5936448013601 :
interest minus tax though
2025-10-06 19:31:32
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Sarie Knee79 :
i kept my tenant's deposit because they did almost R30 000 damage and the deposit was only R10 000
2025-10-06 18:50:59
6
Michael Eastman :
what interest rate is expected
current account will give less than 1% ?
should deposit be in seperate account?
what about bank charges and SARS tax on the interest?
2025-10-06 21:04:45
1
Tommy :
I have my tenant's deposit in a savings account with compound interest. The problem is that SARS picked up that interest and I am paying tax on it.
2025-10-06 18:41:12
3
Ke_B⭕️sëke🇧🇼 :
They chow it because everytime it needs to be refunded they find all the reasons in the world to not give itback😭😭😭
2025-10-06 13:15:13
44
dennisgeo :
Agents are just so damn shady. Nothing surprises me when it comes to them
2025-10-06 22:07:19
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Zana :
my landlord is holding back my 2months deposit claiming a week after I vacated the premises that i temped with the meter yet i left his property in pristine condition. He now claims I'm in breach of my contract. I DID NOT TEMPER WITH THE METER AND THE METER WAS CHECKED BY HIM AND HIS ELECTRICIAN WITHOUT ME BEING PRESENT
2025-10-06 18:52:31
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Cathrine Sitsha :
My landlord said if I keep listening to you he will increase my rent 😩😩😩😩
2025-10-06 19:29:50
2
Black Widow 822 :
That's the reason why I don't like tenants... I can't be told what to do in my property by a tenant... I'm better off alone 😡😡😡
2025-10-06 14:10:35
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Voorslag :
And who is going to pay SARS for the interest earned?
2025-10-06 16:32:16
2
Pieter_Rabbit 🐰 :
Please explain also about landlords adjusting deposit each year when your contract renews and rent goes up. They up your deposit as well. They must adjust according to the interest earned.
2025-10-06 18:45:23
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Sher1902 :
the landlord said its against his religious belief?
2025-10-06 16:43:30
3
Boi2melow :
Estate agency are also guilty of this
2025-10-06 18:00:37
2
whatthehell :
I asked my landlord for the statement and they send me a screenshot from an excel sheet. I’m still waiting for the statement 😂 hai.
2025-10-06 19:00:40
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Jasantha Canham :
I have not ever received interest
2025-10-06 15:31:33
3
Josephdaniel Harvey :
What if the tenant did not pay rent from date of signing the contract todate, what then?
2025-10-06 17:37:23
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Sounds of Rodzo :
What if it was put in an envelope and put between the matress
2025-10-06 19:12:05
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jingjingWildri Nel :
And if your contract stipulates you waived dept as tennant did not have it.
2025-10-06 16:55:50
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Tumi_27 :
How does it work if u have more than 3 properties? do u put the deposits in 1 account ? what type of account?
2025-10-06 15:10:50
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Queen :
landlords don't give back deposits, they give a long list of expenses as to why,despite you taking very good care of the premises, I've fixed my apartment for years myself cos landlord refuses
2025-10-06 16:10:59
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Green :
oh did not know you were supposed to get that back.
2025-10-06 18:18:59
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SassyM😇 :
I kept it safe under my mattress therefore no interests
2025-10-06 15:06:25
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Fuefue ☀️ :
They always find things to penalize us for. They put us in a house owing municipal and we couldn’t buy electricity because of water bill. Moved out after 3 months because we had to pay R1000 or R3000 to get R300 electricity. Got back my deposit after 11 months and it was short and they didn’t pay me back the money I paid to municipality to get electricity.
2025-10-06 15:34:54
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