Changes to deposits in the autumn
There will be changes to the deposit policy. In the future, deposits will not be collected from all tenants, but only in certain situations. Deposits will be charged to individuals with poor credit records or those whose credit information cannot be verified, such as incoming international students. Deposits are also charged for exchange students and those moving into friends’ apartments.
Credit information is checked at the time of the housing offer, and the resident pays the deposit when accepting the offer. Before the rental agreement enters into force, we will verify that the deposit has been received.
Change to the timing and amount of the deposit
Currently, the deposit is invoiced at the time of the first rental payment. In the future, the deposit will be paid when signing the rental agreement.
The current deposit amount is €250.00. In the future, the deposit will generally correspond to one month’s rent. However, in cases of poor credit records, an amount equal to 2–3 months’ rent may be charged if necessary.
In 2022, the AYY Board made a policy decision on the waiver of deposits. The change will enter into force in the autumn of 2024. We will keep you informed closer to the time of the change.
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