33m2 Guide
The Risk of External Leases: A Cautionary Tale of Lost Deposits
To ensure a secure short-term lease environment, 33m2 strictly prohibits "External Leases." An External Lease refers to any transaction where the Tenant and Landlord bypass 33m2’s secure payment system to exchange funds directly.
To help our Tenants navigate their short-term lease journey safely, we would like to share actual cases of damages caused by external leases and provide essential prevention tips.
Real Cases of External Lease Damages
1. Unilateral Lease Termination by the Landlord
In this case, a Tenant suffered significant losses when a Landlord suddenly canceled the lease. Had the lease been signed through 33m2, the Tenant would have been protected and eligible to receive a penalty fee (compensation) from the Landlord. However, because the transaction occurred as an external lease, the platform was unable to provide any legal or financial assistance.
2. Failure to Provide the Unit
In another instance, a Tenant transferred the deposit directly to a Landlord via an external lease. The Landlord later notified the Tenant that they could no longer provide the unit due to a sudden sale of the property, and subsequently cut off all communication.
If the lease had been processed through 33m2, the deposit would have been held securely via our Escrow payment system. Unfortunately, the external nature of the deal meant the Tenant was unable to recover their funds.
33m2 is fully committed to creating a platform where you can sign a lease with complete peace of mind. However, please remember that external leases cannot guarantee a secure transaction.
For a safe and smart leasing experience, please review the prevention methods below carefully and always ensure your payments are processed through the 33m2 system.