Korea has an interesting system. You pay a single (very large) deposit when you move in, and you get the entire deposit back when you move out. The landlord keeps only the interest on the deposit.
In Canada, there’s a last month deposit that is paid at whatever the rate is when the rental begins but counts at whatever rate the last month ends up at. This is to cancel out the interest the landlord should owe on the deposit.
Sounds overltly American tbh
Actually, it was invented by the British in 1643.
Tipping landlords?
No, memes.
Blimy
*Blimey
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Worst landlord laws I’ve ever seen was in Japan. You have to pay them a welcome fee and a key fee on top of your bond and rent when you sign a lease.
In Berlin they now expect a blowie on top.
Korea has an interesting system. You pay a single (very large) deposit when you move in, and you get the entire deposit back when you move out. The landlord keeps only the interest on the deposit.
In Canada, there’s a last month deposit that is paid at whatever the rate is when the rental begins but counts at whatever rate the last month ends up at. This is to cancel out the interest the landlord should owe on the deposit.
Hey, at least key fee rhymes
Well it always baffled me, you just sign a lease, put a deposit down and pay the guy a welcome fee and then you don’t get a key until you pay more?
Fucking wild.
Baffling is the right word!