What is the tenancy deposit? | Weroom

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Frequently Asked Questions

? What is the tenancy deposit?

When the tenant enters a tenancy agreement, the tenant is responsible to pay any outstanding payments and cover damages to the property by means of deduction to the security deposit if the tenant. These damages can refer to furniture damage, damages to the walls or damages to the property overall.

The user renting out a room through the Weroom booking system may request a security deposit in addition to the first month's rent, but it is not mandatory. The return of the deposit is a transaction that is not hosted on Weroom's platform.