Deposit
AYY does not require a deposit from all tenants. A credit check is conducted at the time of the housing offer, and the payment of the deposit is made upon accepting the offer.
Before the rental agreement enters into force, we will verify that the deposit has been paid. The deposit is usually equal to one month’s rent. However, in case of a poor credit record, AYY may require a deposit equal to 2-3 months’ rent. The deposit must be paid when signing the rental agreement via the payment link provided with the offer.
Deposit is collected from the following client groups
- Individuals whose credit rating cannot be verified, such as new international students without a Finnish social security number: deposit equal to 1 month’s rent.
- Exchange students: deposit equal to 1 month’s rent.
- All tenants moving into friends’ apartments, regardless of nationality or credit record: the deposit equal to 1 month’s rent is divided among the tenants. Both applicants are responsible for providing payment receipts when signing the rental agreement. If all payments are not completed on time, the offer will expire.
- Individuals with a poor credit record: a deposit equal to 2–3 months’ rent at AYY’s discretion.
If the deposit is not paid within the specified time limit, the offer will expire, and the apartment will be offered to the next applicant. International students are advised to update their Finnish social security number in the Domo system as soon as they receive it.
Deposit refund
The deposit will be refunded to the account provided in the Domo system within approximately one month after the end of the rental agreement, provided that all rent liabilities are met, no damage has been caused to the apartment, and the apartment has been cleaned.
The account number is primarily provided in the Domo system when completing the termination form.
The renter may deduct from the deposit or invoice the tenant for any unpaid rent, final cleaning costs, expenses for unreturned keys, and charges for damages to the apartment, such as damage caused by pets and other damages that exceed normal wear and tear. Costs are collected or deducted from the deposit based on actual expenses.
Rent payment
Learn about AYY’s rent payment practices.
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