According to the Code of Obligations, the landlord can receive a maximum of 3 rental deposits.
The article of the Code of Obligations titled “Assurance of the Tenant” is as follows.
“ARTICLE 342- If an assurance obligation has been brought to the tenant in the rental of residences and roofed workplaces, this assurance cannot exceed the three-month rental fee.
If it is decided to give money or valuable papers as security, the lessee deposits the money in a savings account and deposits the valuable papers in a bank, not to be withdrawn without the consent of the lessor. The Bank can only return the guarantees with the consent of both parties or upon the finalization of the enforcement proceedings or on the basis of a finalized court decision.
If the lessor has not notified the bank in writing that he/she has filed a lawsuit against the lessee regarding the lease agreement within three months following the expiry of the lease agreement, or that he/she has initiated proceedings through execution or bankruptcy, the bank is obliged to return the security upon the request of the lessee.
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