Mortgage 1 means that when the renter signs the rental contract, in addition to paying the first month's rent to the landlord, the renter is required to pay an additional month's rent as a deposit. The function of the deposit is mainly to ensure that the renter will not damage the house equipment during the rental period, and if the renter causes damage to the house equipment due to personal reasons or does not quit the rental early according to the agreed period, the deposit will not be refunded. When the lease expires, the landlord shall return the deposit to the renter if the renter has not caused damage to the premises equipment and quit the lease within the time specified in the contract.
Bet One:It means that when the renter signs the lease contract, he needs to pay the landlord one month's rent in advance as a deposit (also known as a security deposit). The purpose of this deposit is to ensure that the tenant fulfills the contractual obligations during the lease period, such as not damaging the facilities of the house and paying the rent on time. This deposit is usually returned to the tenant if the facilities are intact and the tenant has not breached the contract after the lease expires.
Pay one:This means that in addition to the deposit, the renter will also need to pay the first month's rent. Therefore, at the time of moving in, the renter is actually required to pay a lump sum for two months, one as a deposit and the other as the rent for the first month of actual residence.
The advantage of this payment method is that the initial investment is smaller for the tenant, and the rent will not be paid too much at once, reducing the financial pressure. At the same time, the security deposit serves as a safeguard that secures the interests of the landlord in case the tenant defaults or causes damage to the premises. At the end of the lease, if the tenant has complied with the terms of the contract, has not damaged the premises, and has paid the rent on time, then the landlord will refund the deposit to the tenant.
It should be noted that different regions and landlords may have different rental payment requirements, in addition to "mortgage one pay one", there may also be other forms such as "mortgage two pay one", "mortgage one pay three" and so on. When signing a rental contract, tenants should carefully read the terms of the contract, understand the rent, fee details, liability for breach of contract, etc., and confirm the identity information of the landlord to avoid unnecessary financial losses.