CategoriesAbuja Company insights facility management Property

Why do I have to pay a Refundable Caution Deposit (RCD)?

A refundable Caution Deposit is a security deposit paid by a prospective tenant, serving as proof of intent to care for the desired apartment.

Paying a Caution deposit is a sign that a prospective tenant would be cautious in handling all landlord’s fittings and fixtures to avoid damages.

RCDs are typically refundable upon departure if the fittings & fixtures are left in good condition.

There are lots of amazing tenants out there.