What is the deposit for?

The deposit serves as security and has to be paid before the contract is signed. The deposit is as high as your reservation charge. The charge will be used as your deposit when you move in. No interest will be paid on the deposit (after section 551, paragraph 3 German Civil Code) which is usually paid back approximately 10 weeks after the expiration of the contract - provided that there are no claims on our behalf (e.g. compensation payments)..