The lessor can deduct from the security deposit if the tenancy agreement ends and the tenant owes the landlord money for unpaid rent or damage to the premises. As a general rule, the owner cannot deduce an appropriate “wear” on the site (i.e. wear that results only from habitation in the premises). The owner can deduct for stains on carpets or countertops, large holes in the wall, and missing appliances and other things that are beyond reasonable wear. A copy of the contract signed by both parties is made available to the tenant within 14 days of the start of the tenancy agreement. A loan bond/guarantee is an amount that the tenant pays to the lessor to ensure that the tenant fulfills all obligations arising from the tenancy agreement. The lessor holds the deposit for the duration of the trust lease to ensure that the tenant is not in default under the terms of the tenancy agreement or that he is damaging the property. If the tenant damages the property (without normal “wear” or if the tenant has not paid rent, the tenant has the right to recover the amount due from the deposit. As a general rule, the tenant must make the deposit available to the landlord at the beginning of the term of the tenancy agreement.
At the end of the term of the tenancy agreement, the tenant recovers the deposit reduced from any deductions for repairs/restorations. In most jurisdictions, a minimum period of termination is required by law. The tenancy agreement may set a longer termination period than the legal minimum, but it cannot specify a shorter period than the legal minimum. If this is the case, the legal minimum is still necessary. They should consult the status applicable to these statutory minimum requirements, as they vary according to the jurisdiction, nature and duration of the lease. The information on this page relates to existing periodic leases and short fixed-term leases (for limited terms of less than 5 years). The information is up to date at the time of publication, but can be changed with future changes to the legislation on rental real estate. If you are unsure of the laws that apply to you, you should firmly.