Refund for Security Deposit

Refund for Security Deposit

Security deposit will be refunded post 1 week of the move out date.
  1. A standard deduction of 20 days of rent will be levied at the time of vacating the premises which is towards the painting, deep cleaning, pest control and Service of the appliances of common area and room. 
  2. 90% of the remaining of Security deposit after Standard deductions  will be refunded on the within 1 week of vacating the premises.
  3. Balance 10% will be on hold and will be refunded within 15 days post clearance or recovery of any pending utility bills or society.
  4. On top of this if any damages are there ,will be mutually agreed upon for compensation on actuals.

    • Related Articles

    • Refund for Token Amount

      Token Amount is non refundable once the room is booked. It is already informed to the tenant and mentioned over mail, before collecting any sorts of payments.
    • Is Token amount refundable?

      The token amount is a fee, either as a membership fee or onboarding charges, paid to confirm your booking for a specific property. This payment is made after you have reviewed the property details and provided your written acknowledgment over an ...
    • Is the Service Fees Refundable?

      As part of our commitment to transparency, we want to clarify that the service fee you pay is non-refundable. The service fee covers various aspects of our service, customer support, property management, and the array of amenities we offer. It ...
    • Who verifies the pending bills before the refund is processed?

      Verification is done with flatmates, the society, and the Accounts team of XU Lifestyle for any pending bills before the remaining amount is refunded.
    • What is a Token Amount?

      Token amount is used to block the room you want. Token amount will be either adjusted towards deposit or service fees. Token amount is equivalent to 1month rent + GST. Once a room is booked, token amount is non refundable.