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.
Guarantee
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Deposit and 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 the tenancy agreement. This ensures that the landlord can still recover money if the tenant for example does not pay the rent.
Guarantee
A guarantee is sometimes also called a "deposit guarantee" or "guarantee for deposit".
For the landlord to be entitled to a security in the form of a guarantee, the parties must have agreed to this.
If the tenant has bought a guarantee from an insurance company, it is common that the tenant pays a certain amount for this, which he does not receive back.
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What is a legal deposit?
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