5 top tips for tenants to protect your deposit

This content is provided by Mooveezy

As a tenant in Vietnam, you must always expect to get back your deposit when your lease term ends. However, having back your deposit may sometimes become very complicated and raise a dispute between tenants and landlords. So let's explore our top 5 tips to protect your deposit when you rent an apartment in Vietnam:

1. Have a written deposit agreement.

The best way to avoid disputes or misunderstanding with your landlords is to write down a deposit agreement (or include this term in any other agreement as well) and keep copies with you. You can put the deposit agreement in your lease contract or prepare an independent deposit contract. And remember to always ask for a written receipt in exchange of your deposit payment.

2. Know what your landlord can use the deposit for.

Generally, the deposit is a security for your landlord against any loss suffered from you breaking any terms of the agreement, most commonly cleaning, damages, and late rent payment. So carefully review the lease contract and deposit agreement, to know what your landlord is entitled to and understand your obligations clearly.

3. Take a look around your new rental and point out any existing damages.

As mentioned above, the repair cost may come out of your deposit, so check carefully when you check in and don't wait to notice to your landlord if you see any damages.

4. Talk to your landlords.

Keep communication open with your landlord. In many cases, disputes about deposit can be resolved easily just by communication instead of a nasty legal battle. You can also request assistance from your agent if your landlord don’t have a great English.

5. Work with a reliable agent.

A professional real estate agent can help you in every aspects of a lease: he/she can help you find a trustful landlord, represent you in negotiating with the landlord, review the lease contract for you. And don't hesitate to contact your agent when you have any problem during the lease.

And if you need a trustful agent to find an apartment in HCMC, contact Mooveezy and explore thousand of apartments:

Mooveezy - Online platform for long term rentals
🖥Website: https://bit.ly/2SNvOuM
☎️Call: 079 297 0217