Revo Bent on Unreasonably Withholding Tenant Deposit - Be Warned

Revo Properties in Cape Town are fleecing people of their money. They are playing games with people’s deposit money and it turns out that they are withholding deposit moneys from many unsuspecting individuals for reasons of fleecing people of their hard earned cash or blatant ******ion.

It can’t be that nobody there at Revo takes responsibility and no one wants to be accountable for this wrong behaviour. I spoke to Caitlin, Yvonne and the last person to talk to was Leloka Mothibe. These guys have a weird obsession with collecting moneys from tenants whose accounts have been well managed with not even a single default payment throughout the course of the Lease Agreement. In modern day society one expects corporate business to operate above board and with absolute transparency in order to gain the trust of its market but it appears the element of trust is foreign with Revo in Cape Town.

I am seeking to challenge this and seek to expose all the financial wrongs that have been committed, particularly against our account - my son has been renting under my care.

Firstly we received a weird request from Revo Properties, right from the onset, to rate them positively on Hellopeter in exchange for R50.00 credit - something that never happens with credible organisations out there. That was the first red flag that went without us taking it seriously. We just played along but should have known better.

Secondly, it was charging interest where it was not supposed to be. Once we were in the middle of the Lease Agreements weird surreptitious charges started creeping up and only to be reversed after Revo were challenged, meaning if other unsuspecting students never challenged it they obviously fell victim of interest charges being incorrectly lumped onto their monthly accounts for interest towards something that has not yet been formally captured and presented on the monthly invoice statement. What kind of an accounting system does that? Interest is levied before you even know what charges exactly gave rise to the interest.

Thirdly, we received an exhorbitant quotation asking us to renovate their premises for them under the disguise of end of Lease Agreement maintenance and exit schedule, a common practice that should only genuinely seek to address real issues of possible damages and reasonable repair of broken stuff in the student room at the end of the Lease Agreement. These guys at Revo were asking for well over R7,000.00 more than the monthly rental amount just to paint a small student unit. What ******ion! This is some kind of ************ practice where a very small student room is quoted at well over R7,000.00 just to paint it at the end of the Lease Agreement. And it turns out the same amount now forms part of the proposed refund of deposit once we rejected such ************ practice so it is clear Revo had ill intentions of not wanting to pay back the deposit money in its entirety to start off with.

The figures that have been communicated in seem to be just randomly thrown at us in an effort to even out the deposit amount so that Revo can declare a zero balance at the end of the Lease. We rejected this with the contempt it deserves. So it is clear now that the initial more than R7,000.00 quotation was meant to even out the deposit refund amount. If one does not carefully analyse all the figures being thrown at them one would suffer financial harm due to this behaviour which I have already told Revo Management that it is ************ behaviour. How they have now managed to reduce a whole deposit amount of over R10,000.00 which should include interest on the holding deposit to just under R7,000.00 as a final proposal to pay out is beyond me. For instance a charge of R1,250.00 has been lumped for “mattress cleaning” when everyone knows or a simple online search will reveal that mattress cleaning in Cape Town should be around R300 for a single mattress to about R600 for a King Size mattress and student accommodation is not equipped with a King Size bed at Revo. One just doesn’t know how such figures of over R1,200.00 can possibly form part of a final invoice to calculate the remaining balance to be paid out as Deposit Refund. The ************ element continues right through the final invoice hence we have decided to take the fight with Revo out into the open for everyone to see. We regret having chosen Revo as our preferred option for student accommodation. What a regret of the year!

I am sick of it and will seek other means to force Revi to play by the rules and respect people’s hard earned cash.