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Mietkaution

rental deposit, security deposit

noun MEET-kow-tsyon Rare

Usage Note

Mietkaution is the security deposit a tenant pays before moving in, capped by law at three months' net rent in Germany. It must be held in a separate account and returned after the tenancy ends, provided there is no damage.

Examples

"Die Mietkaution von zwei Monatsmieten wurde auf ein Treuhandkonto überwiesen."

Natural Translation

The security deposit of two months' rent was transferred to an escrow account.

Literal Translation

The rental-deposit of two monthly-rents was to an escrow-account transferred.

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