damage deposit
Landlord's insurance payment
A damage deposit is money paid upfront to a landlord or rental company as security against potential damage to the property.
If the renter causes damage beyond normal wear and tear, the deposit covers repairs; otherwise, it's returned when the lease ends.
Also called a security deposit.
We paid first month's rent plus a damage deposit.
- securityProtection from threat
- tenantOne who rents property
- landlordProperty owner renting out
- rental agreementContract for temporary occupancy
- refundMoney returned after purchase
lease · rental · apartment · cleaning · inspection · withhold · small claims · wear · tear · repair · escrow · check · deduct · move-in checklist · carpet · walls · holes · stains
- extra feesservice fee, service fees, delivery fee, processing fees, handling fee
- lease termslease term, rental agreement, lease, rental contract, rent payment
- prepaymentsadvance payment, prepayment, down payment, downpayment, earnest money
- rental costsrent, monthly rent, apartment rent, late fee, first month rent
- rental lawtenancy, rent, tenant rights, lease contract, lease agreement
- tenancytenant, tenancy, lease agreement, landlord, tenancies
rental payment type
damage depositrent
Payment for temporary use
monthly rent · rent payment · pet fee · application fee · cleaning fee
damage, deposit, damages, damaged, damaging, damageable, undamaged, deposits, deposited