Guarantee
A guarantee is a promise from someone other than the tenant, for example an insurance company or Nav, that gives security for the landlord's claims following th...
What is a legal deposit?
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Deposit and guarantee
A deposit is an agreed amount of money that the tenant places in a locked bank account in the tenants name. It is meant as security to the landlords potential claims following the contract.
The landlord must pay the cost of opening a deposit account. The deposit cannot be bigger the six months rent.
Illegal deposit
The deposit cannot be placed directly in the landlords account, and it is not to be paid in cash to the landlord.
If the tenant has paid the deposit in cash to directly to the landlords bank account, the tenant can demand the money back at any time.
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Illegal deposit - what do you do?
The deposit is the tenant's money and must be placed on a locked account in the tenants name.
How to open a deposit account
A deposit account can be opened in banks that provide this offer. The deposit account must be in the tenants name, and none of the parties can dispose of the am...