Friday, October 21, 2022

LWBL TENANCY PROTECTION INITIATIVE: Ways tenants can protect their security Deposits and tenancy experience

 LWBL TENANCY PROTECTION INITIATIVE:



Tenants are advised to at least have a basic type of Protection during their tenancy to avoid unwanted issues and deposit defaults.

To facilitate how to protect your tenancy, tenants can use PGSCAN Stay protection plans: 

Options you can choose: 


Assisted protection services:


PGSCAN Protect: For existing tenants who think their owners are good and believe there won't be any issues. Tenants who already have an agreement in place can also use this to have basic protection of their deposits. Click to check about the Protect plan 


 PGSCAN Assured option: comprehensive protection plan for existing tenants & new tenants as well to safeguard their tenancy.

  • Includes: Protection from defamation & legal threats/Deposit refund assistance/Deduction assistance program/Inventory damage approximation/Rent agreement assistance

TO Check: Click to check about the Assured protection plan


TENANTS PROTECTION KIT DIY : 


DIY kit for tenants to create a tenancy protection profile. Suited for tenants who have flatmates or have taken a single room in a flat etc... Tenants are advised to go with non-assisted, only if their fellow flatmates aren't interested in having protection service and trust owners with their money.


Check: Click for more info on the tenant protection kit


In 90 % of cases, It's better to safeguard your stay before than seek help after the incident, which would help in faster resolution.

Going legally should be the last option as the resolution may take years of time and involves higher costs greater than Rs 10,000(>) generally, just for sending notice and taking up the case. So choose your options wisely.

Who can apply: Existing tenants, new tenants, already having agreements. Every tenant should at least safeguard their rights as a tenant. 

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