Holidays & Rental Deposits
High hopes for your ideal family holiday come to a heart-wrenching halt when you discover the pictures in the ad fall dismally short of the real deal. Gutted, you realise you've lost your deposit and your sense of humour. With our third party escrow system you don't pay the deposit over to the holiday letting agent or owner. You leave it with us until you're satisfied the holiday house you booked is the one you've been given the keys to. The letting agent/owner is aware that the deposit is in safekeeping and will be paid over to them immediately once the holidaymaker advises that the holiday home is as advertised.
When you begin a lease agreement, you are usually required to deposit an amount equivalent to a month's rental to the landlord/owner. Problem is, at the end of the lease term, the landlord might refuse to refund you the full amount even if you kept the flat in good order. The landlord/owner tries to pin it on you, but you have a sneaky suspicion that the landlord/owner spent your money elsewhere. We have seen it happen!
Tenants are not always innocent. In many cases a tenant refuses to pay his/her month's rent and the landlord/owner has to approach the police or the courts to have the tenant evicted, costing him more than the actual rental amount.
All parties can benefit from the TradeSafe's escrow platform. All rental/holiday contract documents, details, inventory lists, images, rates etc. are uploaded into TradeSafe and the funds are deposited into the audited Escrow bank account. Once the rental is over or the holiday apartment has been checked out we release the funds less agreed deductions. If there is a dispute, we can facilitate arbitration on the matter! One thing is certain, anyone who misrepresents themselves or their products won't get paid. It really is that simple.
High hopes for your ideal family holiday come to a heart-wrenching halt when you discover the pictures in the ad fall dismally short of the real deal. Gutted, you realise you've lost your deposit and your sense of humour. The good news? When you use TradeSafe's third party escrow system, what you see in the ad is what you get – or no one gets paid!