5 security deposit alternatives to reduce vacancies and attract tenants
Buildium
JUNE 26, 2025
You’ll also likely have to have a separate agreement on file outlining your relationship with the third-party provider, as well as the tenants. For example, an insurance policy may find a reason to deny the claim if there is damage to the unit. In this case, the tenant will pay an upfront deposit on the bond, typically 17.5%
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