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I feel like you are new to the business therefore you might be wondering can token money be refunded. Well, have you signed the agreement with your tenant? If so then you don't actually need to give the token money if your tenant is leaving the house for a valid reason. You could have found a potential client who is interested in renting your property if the tenant hadn't been booked the property. So, is token amount refundable for rental property the answer to that would depend on various factors. If the tenant helps you find a client who will rent your apartment immediately then yeah you may return the token money, if not you are at loss and the tenant has to pay compensation if he or she is moving out without valid reason. There is a lock-in period in rent agreement.
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To know more about lock-in period read:
What is lock-in period in agreement?
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if the deal cancelled by tenant without any valid reason token should refundable
Suraj jha
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1
3 Year
2022-01-03T10:17:37+00:00 2022-01-05T18:36:47+00:00Comment
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