There are regulations for the deposits taken for rental properties which should be be carried out as is obligatory by law. The government website (in Spanish) link below.
The Deposit is a cash deposit payable by the tenant at the time when the lease is formalised. The deposit is mandatory and is acting as collateral for the owner, in the case that the tenant does not comply with the obligations of the contract.
The deposit taken should be the equivalent of one months rent.
Please note: The information provided is based upon our understanding of current legislation. It is not legal advice but is provided freely to enable you to be properly informed. We recommend that if you are considering taking action, you should seek professional advice.
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