Ithemba Property Management's replyOfficial
28 Jan 2026, 10:41Dear Molebatsi,
Thank you for reaching out to us and for providing the opportunity to clarify the deposit refund process.
Kindly refer to Clause 7 of your lease termination notice, which outlines the applicable guidelines regarding deposit refunds;
7. Deposit Refund: We will refund the remaining balance of your deposit within 30 days of your lease termination date.
a. The Lease Termination Date is the last day of the month in which you vacate (i.e. if you submit your Notice of Termination on 4 August 2024, your lease termination date will be 31 August 2024), and your deposit should be paid by 30 September 2024.
b. Any cost of maintenance, early termination fees and metered (arrears) utilities will be deducted from your deposit.
In your case, the lease termination date recorded on the termination form is 31 December. In accordance with this, the deposit refund is scheduled for processing on 31 January 2026. Please note that once the deposit has been released, it may take up to 72 working hours to reflect in your account, depending on your banking institution.
The date captured on the termination notice is the date recorded on our system and is used to determine the applicable refund timeline.
We trust that the above clarifies when you may expect your deposit payout. Should you require any further clarification or supporting documentation, please do not hesitate to contact us.
Kind Regards
Ithemba Property
Best regards,