The deposit rules in the Rental Housing Act
- The landlord must invest the deposit in an interest-bearing account with a financial institution, at a rate not lower than that institution's savings rate. The interest belongs to the tenant.
- The tenant may ask for proof of the interest earned at any time.
- Landlord and tenant must inspect the property together before the tenant moves in and within 3 days before the tenant moves out, and list any defects.
- Refund deadlines: 7 days after the lease ends if the tenant owes nothing; 14 days after the property is restored if there are amounts to deduct (with receipts); 21 days after the lease ends if the tenant didn't attend the outgoing inspection.
- Fair wear and tear can't be deducted, only damage.
Disputes go to the Rental Housing Tribunal in your province, which is free.
Frequently asked questions
Does a landlord have to pay interest on a rental deposit?
Yes. The Rental Housing Act requires the deposit to be kept in an interest-bearing account and the interest is paid to the tenant with the deposit.
How long does a landlord have to return a deposit in South Africa?
7 days after the lease ends if nothing is owed, 14 days after restoring the property if deductions are made, or 21 days if the tenant didn't attend the final inspection.
Is there a maximum deposit in South Africa?
The law doesn't set a maximum. One to two months' rent is common.
Last updated 2026-10-10. Sources: SARS rates of tax for individuals, medical tax credit rates, interest exemption, capital gains tax and the rate-per-kilometre schedule on sars.gov.za.