What is the rental deposit on Badi Plus?
The rental deposit on Badi is an amount of money that the tenant pays to the landlord when booking a property. It serves as a security deposit and is used to cover potential damages or breaches of the lease agreement. It's essential to note that under no circumstances can the deposit be used to pay the monthly rent.
How much is the deposit amount?
The deposit amount may vary depending on the property and conditions set by the landlord. Please check the specific information in each listing for the exact amount.
Is the deposit refundable?
Yes, in general, the deposit is refundable at the end of the lease agreement, provided there are no breaches or significant damages to the property. We completely understand the anticipation of having your deposit returned. At Badi, we aim to make this process as smooth as possible. Typically, the deposit refund takes place within 15 to 30 days from your move-out date. Our foremost consideration during this period is ensuring that both the terms & conditions of your contract have been adhered to, and that the room or apartment is in the same great condition as when you first moved in.
In what cases is part or the entirety of the deposit retained?
The deposit may be retained in cases of lease agreement breaches, property damages, or violations of Badi's policies. Specific details are outlined in the agreement between the tenant and the landlord. In case of damages, part or the entirety of the deposit may be retained to cover repair costs. It's important to report any pre-existing damages at the beginning of the stay to avoid misunderstandings.