The Guarantee Deposit

Published on the

For some rentals in Mauritius, a guarantee deposit may be asked to the tenant at the beginning, so that to guarantee to the owner that he will carry out his obligations as a tenant. This is sometimes referred to as the security.
The deposit amount must be stipulated in the lease and represents between one and three months deposit at most, excluding charges and will be refunded to the tenant after the inventory has been done upon the tenant’s departure.

Return of your guarantee deposit
The owner is entitled to deduct from the guarantee any monies that are still due to him, as well as any agreed costs that will cover repairs to the premises for damage caused by the tenant. These costs must, however, be substantiated by receipts or invoices.

Obligations for the tenant
The tenant can’t avoid paying the rent during the last months as an excuse for getting his guarantee deposit back.
If he does so, he could be evicted from the property because of rupture of the contract.

Please note that the communicated information on this site is not contractual. It is provided for informational use only and does not engage the responsibility of www.lexpressproperty.com

  1. The Rental Market in Mauritius
  2. Furnished / Unfurnished accommodation or Residential complex
  3. Landlord and Tenant : Obligations of both parties
  4. Signing a lease
  5. The Guarantee Deposit
  6. Let With Pets
  7. Steps and advices regarding Property Rental
  8. 8 ways to customize a rental

More Articles in : Accommodation

COVID-19: healthy house, happy home

Le 11/05/2020

Your house is, and should stay, a safe haven during this time of sanitary crisis. Besides the preventive measures to adopt against the spread of (...)

Our Files

Buying in Mauritius

Buying a property is a lifetime investment, especially when it comes to buying a home. You must have all the necessary and useful information to (...)

Rent: Tenants

Property rental is a market which is gaining momentum in Mauritius. The ever-rising demand for houses, apartments, studios and villas rental is (...)

Construction

Choose your land location, draft your construction plan, apply for your Building and Land-use Permit, choose your building materials, carry out (...)

Rent: Landlords

Buying a real estate property provides some advantages: fiscal incentives, warranties, energy saving, rental income in case of property rental. (...)

Moving to Mauritius

Thinking about moving and settling in Mauritius? You have obtained all the required permits and it is now time to seriously consider your (...)