We are re-signing our lease, and of course the rent has gone up, so the bond/deposit has gone up too. The landlord requested we give them a new cheque, and they will return the old cheque back to us. Is this common practice?
And it seems funny that we need to write the cheque in their name - shouldn't it be in a trust or something (our relocation company organised it all before, don't know what they did!). In Oz, you give it to the agency's trust account.
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This has happened to us before.We just wrote a cheque for the difference but make sure you get a receipt for the full deposit.I find it strange that they will return the old cheque to you as one will assume that they would have banked it in to make sure the money is in.
The system here is different from OZ,just wishd it was the same.That would solve a lot of problems when the lease is over and we want our bond back.
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Sounds like you got a very reasonable landlord if he/she hasn't actually banked in your deposit cheque for the 1st lease. Check if this is the case by going through your bank statements. Otherwise, just give a cheque for the difference and a receipt for the balance of the deposit assuming you were given a deposit receipt for the 1st lease.
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ldavy
17 yrs ago
Before you signed the original lease, you should have been given a copy of the Land Search which shows the name of the owner. Deposit cheques should be made payable to this name and no other. We don't have the trust account system in Hong Kong, but you should make sure you are paying the legal owner.
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