Key Specifications & Features

Designed for residential landlords, tenants, commercial operators, and compliance professionals.

Refund Terms & Conditions

Explicit clauses stating deposit refund timelines after property inspection.

Damage Deduction Rules

Clear terms outlining allowable deductions for physical damages and unpaid utility bills.

Bank Transfer Acknowledgment

Logs UTR reference numbers and cheque clearance for absolute audit safety.

Token Advance Support

Pre-configured format for initial token booking amounts before lease signing.

Frequently Asked Questions

A security deposit is a refundable advance and not rental income. A separate deposit receipt establishes liability, refund timelines, and allowable deduction rules at vacating.

Refundable security deposits do not attract GST unless they are adjusted towards outstanding monthly rent dues or forfeiture for breach of contract.

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