> For the complete documentation index, see [llms.txt](https://help.immodio.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.immodio.app/en-start/knowledge-group/rental-deposit-account.md).
# Rental Deposit Account
### Rental deposit account
As a landlord, you can demand a **rental security (rental deposit)** when concluding a rental agreement in accordance with **ยง 551 BGB**. This serves as security for possible claims arising from the tenancy, for example in the event of rent arrears, damage to the apartment or outstanding operating costs.
The rental deposit may not be kept in the landlord's private account. The legislator stipulates that the deposit must be invested separately from the landlord's assets with a credit institution.
**Legal basis**
> **ยง 551 para. 3 BGB**
>
> "The landlord must invest a sum of money provided to him as security with a credit institution at the usual interest rate for savings deposits with a three-month notice period. The contracting parties may agree on another form of investment. In both cases, the investment must be made separately from the landlord's assets and the income is due to the tenant."
As a landlord, you have the following legal requirements for the management of the rental deposit:
* The deposit must be deposited with a **credit institution** and must not be in the private account of the landlord.
* The deposit must be **invested separately from the landlord's assets** and is therefore also protected in the event of insolvency.
* The deposit is **to bear interest at market interest rates.** The interest increases the deposit and is due to the tenant.
* The landlord must be able to prove the **proper investment of the deposit at all times** and is obliged to provide the tenant with information about the safekeeping *(Federal Court of Justice, judgment of 13.10.2010 โ VIII ZR 98/10)*.
The rental deposit account from our partner **heykaution** meets these legal requirements and enables a legally secure, insolvency-protected and transparent management of your deposits.
๐ [Open a free rental deposit account now\*](https://heykaution.de/?partner_id=10001\&utm_campaign=10001\&utm_medium=ppl\&utm_source=partner)
***
#### Legal framework for the rental deposit
The most important legal regulations on the rental deposit can be found in ยง 551 BGB.
**Maximum amount of the rental deposit**
The rental deposit may be **a maximum of three net cold rents**.
**Legal basis:**
> **ยง 551 para. 1 BGB**\
> \[The rent security may] not exceed three times the rent for one month, excluding the operating costs shown as a lump sum or as an advance payment.
This means:
* Demand a maximum of **3 net rents** as rent security
* Operating costs must **not be included**
**Payment of the deposit in installments**
Tenants are allowed to pay the deposit in **three equal monthly installments**.
Legal basis:
> **ยง 551 para. 2 BGB**\
> If a sum of money is to be provided as security, the tenant is entitled to three equal monthly instalments.
The first instalment is due **at the beginning of the tenancy**, the other two with the subsequent rent payments.
***
#### Free, digital rental deposit account
Immodio is working with the German company heykaution to offer you a modern, digital and legally compliant solution for managing your rental deposits. This allows you to easily open and manage rental deposit accounts online and keep track of your deposits at all times.
You will receive an IBAN directly, which you can enter in the rental agreement assistant. Your tenants can then transfer the rental deposit directly to this rental deposit account.
๐ [Open a free rental deposit account now](https://heykaution.de/?partner_id=10001\&utm_campaign=10001\&utm_medium=ppl\&utm_source=partner)\*
**Advantages of heykaution**
heykaution was developed specifically for landlords and simplifies the management of rental deposits.
* **Permanently free** โ No account maintenance fees or hidden costs
* **100% digital & paperless** โ opening and administration completely online
* **Legally secure** โ Legally secure deposit investment and separation from private assets
* **Strong banking partner** โ deposit insurance up to โฌ100,000 per tenant.
* **Fast payout** โ Digital processing for quick liquidation at the end of the lease
* **Interest and Taxes** โ Automated interest and tax settlements
**Convenient dashboard for landlords**
In the clear dashboard, you as a landlord can:
* Manage all deposit accounts centrally
* View the current status of the deposit at any time
* Manage multiple rental deposits at the same time
* Approve withdrawals digitally
* automatically receive interest statements
This allows you to keep track of your rental deposits at all times.
***
#### Opening the rental deposit account
Opening a rental deposit account via heykaution is easy and completely digital.
**Account opening usually only takes about 5 minutes.**
**Procedure**
1. **Create Account**\
Register for free with our partner heykaution: [register here for free!](https://heykaution.de/?partner_id=10001\&utm_campaign=10001\&utm_medium=ppl\&utm_source=partner)
2. **Carry out identification**\
Confirm your identity via Video-Ident and set up your account online.
3. **Pay deposit**\
You will receive an IBAN for your rental deposit account directly. You will be automatically notified upon receipt of the deposit payment.
**Requirements**
To open an account, all you need is:
* an **identity card or passport**
* a **stable internet connection**
๐ [Open a free rental deposit account now](https://heykaution.de/?partner_id=10001\&utm_campaign=10001\&utm_medium=ppl\&utm_source=partner)\*
{% hint style="info" %}
The IBAN is created by the bank and can only be generated during business hours on weekdays between 9:00 a.m. and 7:00 p.m.
{% endhint %}
*\*Advertising: Immodio uses so-called affiliate links, which are marked with an asterisk (\*). If you conclude a product through such a link, Immodio will receive a commission. There are no additional costs for you.*
