Rental deposit – The rental deposit is a classic security deposit that the tenant pays to the landlord. The purpose of the rent deposit is to protect the landlord in the event that the tenant can no longer meet his contractual obligations and pay the rent. The tenant is allowed to pay this deposit in three monthly instalments, with the first instalment due at the start of the tenancy.
Rental deposit at a glance: The security of the landlord
- Is a classic security deposit, which the tenant pays to the landlord
- As security in the event that the tenant can no longer meet his contractual obligations
- The tenant may pay the deposit in three instalments
- First instalment due at the start of the tenancy
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