Do you pay caution fees when renting an apartment?

[King Belieal]

In some apartments in my place, one is required to pay a fixed amount outside the rental amount. It is called Caution Fees. It is kept by the property owner or manager. It is meant to cover vandalism costs that the tenant has inflicted on the apartment during his or her stay.

If there is nothing vandalised after your stay there, the caution fee would be refunded back to you.

Do you pay caution fees when renting properties in your country?

 

[Min George]

For the apartment that I live in now, I paid a caution fee. It is a basic requirement by the property owner.

 

[Springtime]

Here, I do not think we need to pay a caution fee when renting an apartment.

 

[eLdavis]

Yes paying caution fee is one of the things you have to pay for when renting the house or even a space for store.

 

[Suba]

In my country, the tenant will also be charged caution fees but it is called a security deposit or property rental deposit, which is generally 10% of the annual rent, this security deposit will be returned if there is no damage to the furniture or other equipment.

 

[Kera]

I think it is only high end apartments that require people to pay caution fees. It is just a security deposit.

 

[Fidelia]

I pay caution fees for my shop. It is not something that you should be afraid of paying if you are very certain that you are a careful person. It is the property owner trying to protect his investment.

 

[Augusta]

Yeah it Is called maintenance fees. this is to help keep.thr tenant conscious that they need to be careful with the said property

 

[aninditasen]

In some apartments in my place, one is required to pay a fixed amount outside the rental amount. It is called Caution Fees. It is kept by the property owner or manager. It is meant to cover vandalism costs that the tenant has inflicted on the apartment during his or her stay.

If there is nothing vandalised after your stay there, the caution fee would be refunded back to you.

Do you pay caution fees when renting properties in your country?

In India the owners take an advance amount for any damage that's done to the house.

 

[Fidelia]

I don't blame landlords that ask tenants to pay caution fees. Some tenants are very terrible with maintaining a house they rent because they don't own it.

 

[Bigshow]

Caution fee here is been paid and also followers the rent payments eish life sometimes is just hectic

 

[freelancermaria]

Yes, it is akin to a security deposit. If there are any damages, the landlord will deduct the costs from your security deposit. I believe this is standard practice for landlords.

 

[Tobi]

Why should a new tenant pay a caution deposit for a new apartment? Have you ever asked this question as a tenant? well, let’s find out what caution deposit is about in this article…

A caution deposit, often referred to as a security deposit, is the sum of money required of a prospective renter to secure the use of the property’s amenities, furnishings, and equipment by the tenant for the duration of their rental. In addition to the yearly rent and other associated costs like legal, agency, and service fees, etc., this is one of the payments that new renters are obliged to make.

 

[Augusta]

Yeah. caution fee is a refundable security deposit required when renting a property in Nigeria to cover potential damages to the propert

 

[Sanjeev]

I have my own house where I live but here too the tenants have to pay cushion money with the rent.

 

[Augusta]

Yeah those that owned a house don't need to pay caution fees. But a lot of countries laws states for caution fees