The security deposit
for utility connection in Dubai has more than doubled with the Dubai Electricity and Water Authority (Dewa) implementing a hike in the amount for both flats and villas, Khaleej Times has learnt.
Now that you know the steps involved in writing a demand letter, here's an example of what one for the return of the your security deposit
could look like.
Vargas said it's not uncommon for Section 8 tenants to hold onto their vouchers for months because they can't save up enough money for a security deposit
For those coming from Nepal, a refundable security deposit
amounting to Dh5,000 plus a non-refundable service charge of Dh300 are required.
Madison Apartment Group also has relied on concessions, such as a reduced security deposit
or discounted rental rates, to attract residents to its communities in markets where the competition for residents was especially intense, including Atlanta and Denver, These tactics have become far less common recently as the rental market has strengthened and returned to healthier levels,
The SureDeposit survey underscores the fact that the multifamily industry indeed has options, and that owners and managers need not sacrifice good risk and balance sheet management principles to achieve healthy occupancy levels, "explained Paul Kaliades, president of SureDeposit, the nation's leading provider of security deposit
The program is being broadened because a lot of people are coming on (the programs) or are moving from one unit to another and the security deposit
is greater,'' said Dulce Conde-Sierra, city deputy director of housing.
These companies are rethinking the way business has been done in the past, from security deposits
to acceptance of rental payments.
The size of the security deposit
is the landlord's biggest tool in addressing bankruptcy issues," Montgomery said.
Two former residents, who were receiving Aid to Families with Dependent Children, had gotten what they call a Homeless Assistance Grant through the state which pays the first and last month's rent and security deposit
only once in a lifetime for low-income individuals.
SureDeposit covers the property owner for exactly the same kinds of losses--damaged apartment, skipped rents--which a traditional security deposit
would have covered.
Sheila Smith, managing partner of SoNo Corporate Suites, also announced that the firm will waive the security deposit
for any firm which was displaced as a direct result of the events in Manhattan on Sept.
The secured card requires a minimum security deposit
of $300 and first-year fees ranging from $210 to $3,000.
On November 10, 2003, the Company applied a security deposit
in the amount of $0.
And what they are discovering--that security deposits
are not as effective for community owners as convention suggests--is paving the way for the burgeoning industry of security deposit