News
Square Yards’ zero deposit programme for property renters
Real estate platform Square Yards on August 21 introduced a zero deposit programme for property renters through its subsidiary Azuro.
According to a press release, the programme entails a residential rental bond which acts as a guarantee in favour of a landlord that will compensate him in case the tenant defaults on his obligations under the tenancy agreement.
The tenant on the other hand pays a nominal fee, which is a small percentage of the actual amount of the bond, to the bond-issuing authority, instead of a security deposit.
This will provide respite to millions of home-seeking tenants from huge security deposits, making the search for their home easier, faster, and fairer, said the release.
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