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> Security deposit

brianzzjy
post Feb 12 2019, 04:09 PM, updated 2w ago

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Hi all i would like to know by law how long does owner required to return the deposit to the tenant once the tenancy agreement is end?
mini orchard
post Feb 12 2019, 07:23 PM

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QUOTE(brianzzjy @ Feb 12 2019, 04:09 PM)
Hi all i would like to know by law how long does owner required to return the deposit to the tenant once the tenancy agreement is end?
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There is no Tenancy Act in Malaysia ... so there is no legal guideline.

Normally, security deposit should be refunded the same time upon vp where the landlord has inspected and accepted the vp without any damages to the property. As for utility, upon settlement of the last bill.

In Malaysia, all landlords and tenants only discuss on the payment of deposits but NO clause on when the deposits to be refunded upon vp ... no specific dateline for refund being mentioned when tenant completed the tenancy.
BEANCOUNTER
post Feb 12 2019, 10:36 PM

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14days as in most standard rental agreement....

provided no outstanding amt, unit returned as good as when you rent, no dispute or whatsoever.


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