View Single Post
  #11  
Old 12.04.2009, 00:00
Scott's Avatar
Scott Scott is offline
Forum Veteran
 
Join Date: Mar 2006
Location: Buchs SG
Posts: 1,206
Groaned at 26 Times in 18 Posts
Thanked 702 Times in 359 Posts
Scott has a reputation beyond reputeScott has a reputation beyond reputeScott has a reputation beyond reputeScott has a reputation beyond repute
Re: Swisskaution - the apartment deposit lenders thread

Quote:
View Post
The amazing thing is that landlords by law have up to 12 months to "return" the deposit. In actual fact it is more correct to say "release" because the deposit should be held in a bank account in the tenant's name and any accrued interest is the tenant's. Fortunately, most landlords don't take THAT long....
Going off topic a little, even though the return of the deposit is just as
important as putting up the cash up front....

Yes, the landlord has 12 months to return the deposit. If the landlord
does not come up with substantial reason to withhold your deposit after
this time, the bank is required to release the account to the named
person holding the account. This happened to me, the landlord died
just before I moved out (I had nothing to do with her death). The family
had power disputes, the bank had to release the account back to me
because the family had nothing to hold against me.

Now, if you trash the apartment, then that is a different story!