Security Deposit Refund
The security deposit refund refers to the return of the deposit that a tenant pays at the beginning of a rental agreement. This deposit serves as security for the landlord in case of damages to the property or unpaid rent. For example, if you return the apartment in good condition, you should receive your full deposit back.
For residents in Germany and Austria, it is important to receive the deposit back within 6 months after the rental agreement ends, unless the landlord has claims (§ 551 BGB). Common mistakes include tenants not asking for the refund in time or failing to document all damages. Be sure to keep all agreements in writing.
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