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How long will the deposit be refunded after check-out?
The role of rental deposit:
1, the rental deposit is the water and electricity fee deducted by the lessor to ensure that his house and household appliances are not illegally resold. This deposit is generally agreed by the tenant.
2. The rental deposit can protect the lessor's rights and interests, such as the damage to the rental facilities and equipment, or the lessee's breach of contract before the lease term. If the contract does not expire, the rental deposit cannot be deducted from the utilities, but if the contract expires, the lessor must refund the deposit in full.
legal ground
According to the Civil Code of People's Republic of China (PRC)
Article 703 A lease contract is a contract in which the lessor delivers the lease item to the lessee for use and profit, and the lessee pays the rent.
Article 704 The contents of a lease contract generally include terms such as the name, quantity, purpose, lease term, rent, payment term and method, and maintenance of the lease item.
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