LOAS charges all residents a deposit payment in connection with accepting an apartment offer. LOAS shall return the deposit to the tenant within two months after the end of the tenancy to the account indicated by the tenant. The deposit is returned if the tenant has returned the keys of the apartment and the apartment in normal condition and tidy, and the tenant doesn’t have any unpaid rent or other payments to settle or any other liabilities concerning housing. Without further hearing the tenant, LOAS may use the deposit to cover any unpaid liabilities of the tenant.
The paid deposit shall not be returned, if the tenant cancels the rental agreement before the start date of the agreement.
Signing the rental agreement takes place electronically. You can accept the offer and sign the rental agreement by paying the deposit and entering your password in the system.
Thereafter the agreement is signed electronically at the housing office on behalf of LOAS. The electronic agreement is legally in force when both parties have signed it.
The tenancy is valid until further notice or on a fixed term basis. In case of a rental agreement that is valid until further notice, the period of notice for tenants is one month which is calculated from the last day of the month during which notice was given. A fixed-term rental agreement cannot be terminated by either party. A fixed-term rental agreement will end on the agreed date without a separate period of notice. Notice is given in LOAS’ network service.
Take out home insurance for your protection
All of LOAS’ properties have a property insurance which can be used to cover the costs of damage caused to the properties (broken pipes, etc.). The property insurance does not cover the costs of damage caused to the resident's property.
If the damage caused to the building or other LOAS property is caused by the resident, LOAS shall charge compensation for the damage or LOAS’ excess which in case of the property insurance is 4,000 euros.
For the purpose of safeguarding your own property, it is worth taking out a home insurance which covers the damage of the resident's property. A home insurance is an affordable security in case of an accident and its excess is also rather low. The home insurance terms can be found on the website of your insurance company.