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January 2025

7 Key Facts About Security Deposits in Malawi

A security deposit is a sum of money paid by a tenant to the landlord at the beginning of a lease. It serves as financial protection for the landlord against property damage or lease violations. Renting a property often involves paying a security deposit, which is a crucial part of the leasing process. In Malawi, where there are no formal regulations governing security deposits, understanding how they...

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