Security payment
The security deposit (deposit) is usually equal to the monthly rent. This is a guarantee of compensation for losses for the landlord. If the tenants, for example, break the TV, the money will go towards repairs or buying a new one.
If the tenants do not violate anything, the landlord will return the entire amount upon eviction.
It is important to specify this in the contract. You can write that the money will remain with the owner of the apartment in any case, but if there are no damages or violations, the amount will go towards paying for the last month of residence.
Downpayment
There are situations when you like the apartment, but you cannot move in in the next few days. In this case, give the landlord a deposit. The owner, in turn, must write a receipt by hand and certify it with a personal signature.
In essence, the deposit is a guarantee that both parties will taiwan mobile number fulfill their obligations: the landlord will provide an apartment, and the tenant will move in and pay on time.
If the potential tenant violates the agreement, the deposit will remain with the landlord. Did the landlord refuse the contract? Then he is obliged to return the deposit in double the amount.
How to safely rent good housing
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How to correctly draw up an apartment rental agreement
The document specifies mandatory requirements, without which the transaction is not considered valid, and additional ones at the request of the parties. If they are not specified.