The deposit is one of the great doubts for both the tenant and the owner when we talk about **renting a home** , and it is that we talk about a lot of money and it is normal that questions arise. Today we will solve all the questions about the deposit guarantee rent.

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How does the bond work?

The rental **deposit** is a **mandatory deposit,** established by the Urban Leasing Law (LAU), which the owner has to pay at the time the rental of a home is signed. In addition, you can request as an additional guarantee to the tenant 2 monthly installments of the same amount as the rental fee, which you will have to return when the lease is finished.

The owner is obliged to deposit the rental bond within the period established by the town hall of the town where the property is located. Each autonomous community has its own public body that is in charge of managing it, with the exception of the communities of Navarra, Asturias and La Rioja. These are the agencies for the communities in which it is mandatory to have the rental bond deposit:

- **Catalonia:** INCASÓL.
- **Madrid:** IVIMA.
- **Galicia:** Galician Institute of Housing and Land.
- **Cantabria:** Canarian Housing Institute.
- **Balearic Islands:** IBAVI.
- **Valencian Community:** Registers of the Territorial Directorate.
- **Canary Islands: Canary Islands** Housing Institute.
- **Andalusia:** AVRA.
- **Aragon:** Institute of Soil and Housing of Aragon.
- **Castilla y León:** Chambers of Urban Property of Castilla y León.
- **Castilla la Mancha:** General Directorate of Housing, Urbanism and Territorial Planning.
- **Basque Country:** BIZILAGUN.
- **Murcia:** Depository of the Autonomous Community of Murcia.
- **Extremadura:** General Deposit Fund of the General Directorate of Housing of Extremadura.

How to make the deposit of the guarantee?

In order to make the deposit of the deposit and the rent, **the owner will have to submit the application, deliver the corresponding form to the agency and make a transfer with the total amount** . To do the management, you have one month from the signing of the contract. Otherwise they could penalize you with a fine and penalize you with interest due to the delay.

The sanctions can be fines of 26 to 50% of the deposit, **up to a maximum of € 90,000 in general.** But depending on the autonomous community where the house is being rented, they are considered more or less serious.

For example, in Catalonia, it is considered a serious offense and can be sanctioned with a fine of 75% of the deposit and if it is deposited out of time, it would be considered a minor offense with a fine of 35% of the deposit (with 3000 € maximum).

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How do I get the rental deposit back?

When the tenant has already notified the owner one month in advance, and after this time has delivered the keys to the apartment, the landlord has the **obligation to return the deposit within 30 days.** To do so, you will have to request the return of the deposit from the corresponding autonomous community in order to return it to the tenant within the established period.

During the period of 30 days from the delivery of the keys, the owner will be able to make the necessary revisions to see that everything is correct and works perfectly. In case of having to make any repairs produced by the tenants, it would be deducted from the deposit. The same as if there are defaults on supplies or rent, and you could subtract the amount from the amount of the deposit.

If there are repairs or damages that need to be fixed, the owner will have to prove with invoices that he has used that money from the deposit to repair it. Otherwise, as it cannot be justified, the deposit must be transferred in its entirety to the tenant.

The best thing to do is to always take photos of the property at the conclusion of the rental contract and send them to the owner so that the state is recorded, with all the flaws you find. In this way, if you argue that you have to fix them because the tenant has caused them, there are photographs with the date of entry of the property that show that you are not the cause.

If you are interested in putting your home up for rent, **do not hesitate to contact our rental team.** At Housfy we have real estate experts with extensive experience in home leasing who will be happy to help you throughout the entire rental process of your home. In addition, we offer you insurance in case of non-payment of rent, ensuring the collection of your rent without exception on the 15th of each month.

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