Home > Term: tenant's guarantee
tenant's guarantee
Deposit paid as security for a tenant's liabilities. The maximum deposit under Swiss law is three months' rent. The tenant's guarantee is held in safekeeping in an interest-bearing bank account, the net interest income accruing to the tenant.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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