When he comes rent a house in spainOne of the issues that worries both tenants and homeowners the most is rental deposit. This Mandatory payment, which is given to the owner as security against possible damages, often arouses doubt, especially as to its amount. Urban Tenancy Law (LAU) clearly states How much can be requested as a deposit? In this article, we explain everything you need to know to navigate this aspect of renting with confidence. rent.
How many months’ rent deposit can the landlord ask for?
According to article 36 of LAU, The rental deposit is mandatory and must be presented in cash.. To rent a residence, The law limits the deposit to one month’s rentFor non-residential uses, a period of two months is determined. This means that in the most common situation, such as renting a house or apartment for living, the landlord may only ask for a maximum of one month’s rent deposit.
Update rental deposit
The rental deposit amount should not be updated during the first five years of the contract. However, the owner has the right to request an update of this amount each time the contract is extended. It’s important for tenants who plan to stay in the same home for a long time to keep this in mind.
Additional warranty: How much can you ask for?
In addition to the rental deposit; There is the possibility of adding an additional guarantee to the rental agreement. This extra amount serves to ensure payment compliance and cover possible losses. Until 2018, this amount was not limited by law, but since then, a maximum of two months’ payment can be requested. If we add these two months of additional guarantee to the month of the deposit, we are talking about the payment for the current month in addition to the total three months’ payment that will be delivered to the owner after the contract is signed.
Why doesn’t the landlord refund the rental deposit?
At the end of the contract, Landlord must return rental depositUnless there are valid reasons such as Non-payment of monthly payments or damage to property. LAU clearly sets out these conditions and it is important for tenants to know these details to avoid unpleasant surprises at the end of the contract.