Discovering Luxembourg

Security Deposit The lease will state the amount and conditions of the security deposit. Most landlords require a deposit of two to three month’s rent. Note that at the end of the lease term, the tenant must return the property to the landlord in the same condition as move-in or risk losing part of the security deposit. This money can be held in an interest-bearing account, usually a blocked bank account that requires authorization from both the tenant and the landlord before the funds can be released. Move-In Inspection One of the most important tasks when moving into a new apartment or house is to complete a detailed property condition inspection. The procedure varies, but in general any imperfections and damages are listed on a form which is signed by both the tenant and the landlord. Most leases require the tenant to restore the property to “move-in condition,” and it’s the inventory report which establishes that condition. Once the tenant is moved in, they are responsible for all interior maintenance. When renting property, inspect the vacant house or apartment for damage or repairs that need to be made before moving in. You are also encouraged to take photographs of any potential areas of concern during the inspection. The list must be sent to the landlord for written confirmation, indicating when repairs or other work will be done. Most leases include a comprehensive cleaning clause, which contains the obligation of deep cleaning the entire home at the end of the lease or paying the monetary equivalent. Departures To terminate the lease, there is a standard notice period of three months during which the tenant must make all necessary payments and arrangements to bring the property to its “move-in condition”. The following steps will aid your move-out process: + Provide a formal written notice of departure to the landlord by registered post, within timeframe stated in the lease. + Review your lease to act on any obligations for painting interior walls or deep-cleaning, before departure. + Conduct a move-out inspection with the landlord/agent and seek written confirmation of any repairs that may be required to ensure security deposit refund. Refer to the move- in inspection report or photographs to prevent deductions for any pre-existing damages and normal wear and tear. + It is expected that all “damages” which have occurred during occupation are repaired and all tenant maintenance obligations have been met: (electrical, plumbing appliances are in working order; nails, picture hooks, shelves or alterations removed). + The landlord may require access to the property for necessary maintenance and to for property viewings.

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Discovering Luxembourg