Originally posted by Sysman
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Reply to: Deposits are a killer
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Previously on "Deposits are a killer"
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Originally posted by scooterscot View PostTell me about it. They would like €5k for the landlords name. Welcome to Bavaria.
Originally posted by doodab View PostThere is something called the Meiterverein you can join that is a sort of tenant's association that will give you advice on your rights and suchlike.
IIRC the landlords are supposed to keep the deposit in a special account (the same as we now do in the UK) and give you the interest on it.
Mieterverein. I don't think you need to join them as you would a club and anyone can use them.
The deposits I've given (so far) have shown up as a kind of sub-account of my normal bank account. Can't touch it without the landlord's or letting agency's agreement, but what little interest it earns is mine, and more importantly at the beginning, it counted towards my total balance for the purposes of free banking.Last edited by Sysman; 21 April 2011, 12:08.
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There is something called the Meiterverein you can join that is a sort of tenant's association that will give you advice on your rights and suchlike.
IIRC the landlords are supposed to keep the deposit in a special account (the same as we now do in the UK) and give you the interest on it.
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Originally posted by scooterscot View PostSSsssh don't go there.
We've arranged a shared bank account especially for holding deposits, don't remember the deutsche name but the landlord does not have access to the deposit any more than I do until we both agree suitable costs if any.
I think it's more than fair.
Originally posted by scooterscot View PostOne think I don't get is my agency in the UK (for my UK home which I let) told me to bog off when I said I want 3 months of deposit form perspective tenants, after all there's about 20K of stuff (furnished house) and the max I can get away with asking is one month deposit.
It's little wonder landlords home's get trashed, the tenants have nothing to loose but a stupid month deposit I pi$$ up the wall on a night out in London.
When renting in the UK myself, I usually got thanked by the landlords when it came to time to leave. They were typically surprised to find I left the place so clean. This tells its own story.
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Originally posted by BlasterBates View Postsince there´s very often a fight over the deposit anyway, not a bad idea, moving out is hassle free, mentally I write off the deposit.
I should have made them write it down, and taken photos to back it up.
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Originally posted by BlasterBates View Postmentally I write off the deposit.
We've arranged a shared bank account especially for holding deposits, don't remember the deutsche name but the landlord does not have access to the deposit any more than I do until we both agree suitable costs if any.
I think it's more than fair.
One think I don't get is my agency in the UK (for my UK home which I let) told me to bog off when I said I want 3 months of deposit form perspective tenants, after all there's about 20K of stuff (furnished house) and the max I can get away with asking is one month deposit.
It's little wonder landlords home's get trashed, the tenants have nothing to loose but a stupid month deposit I pi$$ up the wall on a night out in London.
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Originally posted by Pondlife View PostThe deposit I could stomach. It's the thieving Maklers I can't stand.
You want me to agree to pay you HOW MUCH for the landlords name? Thieving Fnuckers!!!
Tell me about it. They would like €5k for the landlords name. Welcome to Bavaria.
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Originally posted by Sysman View PostI got off lightly in comparison. I believe my lot could have asked for more but didn't.
There's a newish scheme in Switzerland to pay premiums instead of a deposit. I assume that's more expensive in the long run though.
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The deposit I could stomach. It's the thieving Maklers I can't stand.
You want me to agree to pay you HOW MUCH for the landlords name? Thieving Fnuckers!!!
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Originally posted by scooterscot View PostWould have done the same if not for a provision which is about 2.39 x the monthly rent. So to cross the threshold you're asked for, let me think, yes 6-7 months rent down just to walk in the door or €15k.
I decided to use the law on my side this time, every German tenant has the right to pay the deposit by instalments over 3 months.
No wonder people over here don't move much.
There's a newish scheme in Switzerland to pay premiums instead of a deposit. I assume that's more expensive in the long run though.
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Originally posted by Sysman View PostI've never paid the deposit by installments. All up front, which means 4 months' rent down before you move in.
I decided to use the law on my side this time, every German tenant has the right to pay the deposit by instalments over 3 months.
No wonder people over here don't move much.
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Originally posted by scooterscot View PostWill be glad the 3rd month is nearly over. 3 months of deposit payable over 3 months + rent.
So if you're thinking of setting up in Munich bring £10k with you.
But perhaps this is why in Europe tenants look after rented accommodation better than they do in the UK.
It may be worth while taking out an insurance policy now against loss of deposit when you leave. That pan of soup I forgot about cost me a new ceramic hob at one place, though to be fair it only cost me a third because it was 2/3 through its rated life. Everything has a rated life from new - something like carpets 5 years, kitchens 15 years (I've forgotten the exact numbers), but you get the idea, and at the end of that time you are allowed to ask for replacements.
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Originally posted by AtW View PostI'll remind you that next time you'll start bragging about how good your euro rates are.
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