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No it’s not. As a landlord you’re required to hold the deposit separately in a bank account and provide information on which account to the tenant. It’s not es
by CPLX 4y ago
No it’s not. As a landlord you’re required to hold the deposit separately in a bank account and provide information on which account to the tenant.
It’s not escrow, the landlord has full control over the account. But it’s not a loan either.
- ThePadawan 4y agoWeird, here in Switzerland it's the same but opposite - As a tenant, I have to transfer my security deposit to an account with my own bank and give my bank the permission to tell my landlord which account and how much is in it.