Does it make sense to have a rent deposit? The rent deposit is an advance payment by the tenant as security for the landlord. Everything about the rent deposit in this article.
A rental deposit is security that the landlord must deposit before the tenant moves in. It serves to protect the landlord and his property from possible damage to the rental property, for example if the tenant does not pay rent or ancillary costs, does not carry out agreed cosmetic repairs or damages the rental property.
Consequences of non-payment of the deposit
If the tenant fails to pay the deposit, the landlord may terminate the lease without notice. A prior warning is not required.
