Deposit account

Renting out gets less stressful when the routines are agreed before the tenant moves in. Seven steps make the biggest difference: a clean contract, a credit assessment of the tenant, the right deposit solution, clear house rules, digital administration, documented move-in and…

When renting a home in Norway, the landlord will normally ask for financial security in case rent is not paid or other costs arise during the tenancy. This security can be provided through a deposit account or a deposit guarantee. Both options can protect the landlord, but they…

When a tenancy ends, the tenant and landlord need to complete the final deposit settlement. If the property has been returned, all rent has been paid and both parties agree on the settlement, the deposit can normally be released quickly. If there is a disagreement, Norwegian law…

Finding the right tenant is one thing. Setting up the deposit account can be another, especially when the tenant has recently moved to Norway. Many international tenants do not yet have a Norwegian national identity number, D-number or BankID when they are ready to move in.…

Have you paid the deposit directly into your landlord’s private bank account? If so, the deposit was not established correctly. A legal deposit must be held in a blocked deposit account in the tenant’s name. It should not be paid in cash or transferred to the landlord’s ordinary…

Setting up a deposit account doesn’t need to be complicated. But there are a few important rules you need to get right from the start. If you ask your tenant for a deposit, the money must be placed in a separate, blocked account in the tenant’s name. As the landlord, it’s your…