When you deposit a sum of money is the colloquial term, which the tenant, the landlord, as security to cover the costs for any future damages to the leased property provides.
The Rent Securities
The Rent Securities is one of an amount equal to three months’ basic rents. This means that additional charges may not be a part of the security deposit. Is due to pay the security deposit upon moving into the apartment.
The tenant has the right to that amount in three installments to be paid. In most cases, the amount is paid to the landlord. This then opens a savings account, which can not attack it. However, the money is not protected against access by the landlord.
What happens after the relationship with the tenant security deposit?
The deposit, Obtained after termination of the lease back. This requires, however, that the property is handed over in good condition to the landlord. In some leases is set to pass into the condition of the property to the owner. If there are rent arrears, or repairs be necessary, for any damage caused to the landlord, the landlord may withhold the rent deposit and cover the cost of repairs from the rent deposit. Even if a contract Rent Securities and timing of payments are fixed, there is the right to pay by installments.