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Caution Deposit

Another way we address the challenge of Tenant absconding and abandoning their Tenancy Obligation and how we enforce Tenants Covenants is by the use of CAUTION DEPOSIT POLICY. In this case a Tenant is asked to pay an amount of money that is reasonable enough to be able to cover the basic cost of repairs or other Tenants’ Liabilities in case he can’t be reached or abscond at the end of the tenancy. [ This money is paid into a fixed Deposit Account and accrued interest from it is paid to the Service Charge Account 

aadum & company


6th Floor Left Wing, Nicon Insurance Building, Central Area District,
Abuja, Federal Capital Territory 00077, NG

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