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Published on 2024-08-01 17:00:00
The Namibia Estate Agents Board (NEAB) says it is illegal for landlords and agents to charge non-refundable deposits for rental properties.
NEAB manager Festus Unengu says a landlord cannot make a deposit non-refundable.
“The deposit money belongs to the tenant. The tenant is only giving it to the landlord to keep in trust until such time that the tenant moves out,” says Unengu.
He further says it is illegal to make a deposit non-refundable, according to the Rents…
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