Comment on It's important to get a good interest rate
basxto@discuss.tchncs.de 4 months agoDo you have no rental bonds? It’s quite common here to have a rental bond up to three times the monthly rent, but you get that back at the end if there are no disputes about damages or payment default.
djsoren19@yiffit.net 4 months ago
There doesn’t seem to be anything offered by the rental company I’m currently with, and I’ve never heard of concept before. There are security deposits, which you do typically receive at the end of the lease, but most of the ones here are non-refundable, and I did have to pay one of those as well.
basxto@discuss.tchncs.de 4 months ago
That’s the word I was actually looking for. But reading a bit about security deposits and non-refundable deposits, they are two very different things. The first is a security like the name implies and credit scores have a similar purpose, they want to be sure that you are able pay. Non-refundable deposits are essentially just fees that are paid even when you back out of the rental contract and don’t move in.