Tagastusraha

Tagastusraha is a term used in Estonia to describe funds that are returned to a person after fulfilling contractual obligations or after a prepaid amount has been unused. The term translates roughly to "refund money" or "return of money." In practice, tagastusraha often refers to money that was initially paid as a deposit or advance payment and is later refunded in full or in part.

Common contexts include residential rental agreements, where a tenant pays a tagastusraha (the refund of a deposit) at the start and receives it back after the tenancy ends, subject to deductions for unpaid rent or damages. It also appears in car or equipment rental, hotel bookings, or service arrangements where a customer provides a prepayment or security deposit that is to be returned when the service is completed or the item is returned.

How it works varies by contract and law. The agreement should specify the amount, the conditions for withholding deductions (such as damage, cleaning, or unpaid charges), and the deadline for returning the funds. The party requesting the return should provide current banking details or a mailing address. An itemized statement of any deductions is often required.

If there is a dispute over tagastusraha, parties may seek resolution through the appropriate authorities or courts, and consumer protection agencies may provide guidance in Estonia. Overall, tagastusraha represents the returned portion of funds that were paid upfront and later refunded in accordance with the contract.