What is a rental deposit?

A rental deposit is an amount the tenant pays into a blocked account at the start of the lease agreement. This protects the landlord against possible damage or other costs arising from the rental agreement.

At the end of the rental period, the tenant gets the deposit back, including interest, provided all obligations of the lease contract have been fulfilled. This means the property is left in good condition and all payments were made on time.

If there is rental damage, the landlord can deduct repair costs from the deposit. It is therefore important for the tenant to maintain the property well to receive the full deposit back.

A tenant can only recover the deposit, including any interest, with the landlord’s written agreement. This ensures everything is handled neatly and transparently for both tenant and landlord.