🔄 Deposit Refund Process
1️⃣ Move-Out Inspection: A detailed inspection takes place after you leave.
2️⃣ Review of Potential Deductions: Any damages beyond normal wear and tear, unpaid rent, or extra cleaning costs may be deducted.
3️⃣ Repair & Maintenance Fees (if applicable): If damage is found, necessary repairs will be deducted from the deposit.
4️⃣ Final Calculation & Refund: The remaining deposit amount is calculated and transferred to your account within three weeks.
❗ What Could Lead to Deductions?
💡 Unpaid Rent or Fees – If you haven’t fully paid rent, your deposit may be used to cover the outstanding balance.
🛠 Damages Beyond Normal Wear – Any damages that go beyond regular use may be deducted.
🧼 Extra Cleaning Costs – If the bedroom is left in poor condition, a cleaning fee may apply.
💡 How to Avoid Deductions?
✔️ Ensure rent and all fees are fully paid before moving out.
✔️ Return your bedroom in good condition – clean and free of damages.
✔️ Follow Coloc’s move-out checklist to avoid unexpected costs.