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.

CategoriesAbuja, Company insights, Industry Insights, Property, property management

Qualities of a good tenant

To mention but a few, the following are the qualities of a good tenant:

1. Pays rent on time without defaulting.

2 Notifies beforehand if the rent will arrive late or a bit delayed with sound reasons.

2. A good tenant is easy to communicate with, they are accessible, responsive, respectful, empathetic & easy to deal with.

3. A good tenant is accomodating, they provide access for a scheduled routine inspection of the demised property.

4. A good tenant takes good care of the property. They take responsibility for damages and repairs caused by them and they do not destroy the landlord’s fixtures and fittings.

5. A good tenant adheres to legislation and terms of the tenancy contract.

6. A good tenant when prospecting for rental properties provides well-detailed information fully completed with all required evidence, contact details of referees and guarantors, shows evidence of tenancy history.

Very importantly, most good tenants always end up becoming great landlords.