Security deposit is paid to Homadorma at booking. In case of a cancellation before the end of the trial week, Homadorma is therefore able to allocate the fund according to Termination and Refund.
In Self Management, security deposit is transferred to the host after the trial week. It is the responsibility of the student and the host to reach an agreement of how to use the security deposit. Most of the hosts keep the security deposit in their bank account and use it to cover the homestay fee of the last month.
In Homadorma Management, security deposit is converted to the last month homestay fee stored in the bank account of homadorma. Student is responsible for making monthly homestay fee payment according to the payment schedule set by Homadorma. Security deposit is transferred from Homadorma to the homestay family, whichever occurs earlier, in the last month of your stay, or when the Homadorma Management expires or terminates.