What is the rental deposit, how does it work and how much do you have to pay?

One of the most common concepts in the rental world is the bail: What is it? How much do you have to pay? What does it entitle? When can you claim your return?

The portal specialized in living place Idealistic He answers this and other questions in a report published on his website.

So, the guarantee is the amount paid by the tenant to the landlord in order to guarantee that the tenant complies with the obligations stipulated in the lease.

If the conditions have been met, the owner returns the deposit to the tenant when he leaves the house.

The security of a rental is responsible for three obligations:

  • When the tenant has not complied with the obligation to pay the agreed installments or monthly payments for the rental of the property or there is a debt.
  • When any damage is observed in the furniture or electrical appliances attributable directly or indirectly to the tenant or when they exceed the normal deterioration that corresponds to use.
  • When the house is not delivered in good clean conditions: In this case, the money from the deposit will be used for this purpose, but the excess amount must be returned, if applicable.

About the amount, Article 36.1 of the Urban Leasing Law (LAU) The provision of a cash deposit in an amount equivalent to one month’s rent is indicated as mandatory in the rental of housing and two in the rental for use other than housing (commercial premises or office).

Just as the payment of the deposit is obligatory for the tenant, its return is also mandatory for the lessor, as long as the use of the home has been appropriate.

Owner may not return the deposit in these cases:

  • If there are non-payments in the rent.
  • If the house is abandoned early without respecting the notice periods.
  • If there is damage or damage: Depending on the magnitude of the damage and whether it has been caused by normal use or not, it will be fair to deduct part of the deposit.
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Deborah Acker

I write epic fantasy; self-published via KDP. Devoted dog mom to my 10 yr old GSD, Shadow! DM not a priority; slow response at best #amwriting #author.

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