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Security Deposit Agreement Form for Switzerland

Security Deposit Agreement Form Template for Switzerland

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Security Deposit Agreement Form

"I need a Security Deposit Agreement Form under Swiss law for a commercial property in Zurich, with multiple tenants and a third-party guarantor, where the deposit will be equal to three months' rent and held by Credit Suisse."

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What is a Security Deposit Agreement Form?

The Security Deposit Agreement Form is a crucial document in Swiss rental transactions, required whenever a security deposit is established for a residential or commercial lease. This agreement, governed by Swiss law, particularly the Swiss Code of Obligations Article 257e, establishes a three-party relationship between the landlord, tenant, and a Swiss bank. The document specifies the deposit amount (legally capped at three months' rent), details the dedicated bank account requirements, outlines interest arrangements, and establishes conditions for the deposit's release. It's essential for protecting all parties' interests and ensuring compliance with Swiss banking and tenancy regulations. The agreement is typically executed alongside the main lease agreement and requires careful consideration of both federal and cantonal requirements.

What sections should be included in a Security Deposit Agreement Form?