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What is a deposit?
The deposit is a sum of money equal to one up to two months of rent minus the charges. The first payment to the landlord usually includes the deposit + the first month of rent.
It ensures the landlord some money if you either damage the accomodation. If you leave the accomodation in a different state than when you checked in, the landlord will use this money to repair the damage.
When will the deposit be refunded?
You have 2 different deadlines :
- The deposit will be fully refunded, you didn't break anything! The landlord has 1 month to send it back.
- The deposit is partially refunded because of some reason. The landlord has 2 months to send it back.