Tagatisõidud

Tagatisõidud are a form of financial security used in Estonian law, primarily within the context of debt and enforcement proceedings. Essentially, they are funds deposited by a debtor or a third party to guarantee the fulfillment of a specific obligation. This deposit serves as collateral, ensuring that if the debtor fails to meet their contractual or legal responsibilities, the secured amount can be used to satisfy the creditor's claim.

The concept of tagatisõidud is employed in various situations. For instance, in rental agreements, a tenant might provide a deposit to the landlord to cover potential damages to the property or unpaid rent. In business transactions, a company might be required to deposit funds as security for the performance of a contract. Furthermore, in court proceedings, particularly those involving enforcement measures, tagatisõidud can be ordered by a court to protect the interests of a claimant during the litigation process. The specific rules and conditions governing tagatisõidud are outlined in Estonian legislation, primarily the Law of Obligations Act and the Enforcement Procedure Act. These laws define the circumstances under which a deposit can be demanded, how it should be held, and the procedures for its release or utilization. The purpose of tagatisõidud is to mitigate risk for the creditor and provide a tangible means of recourse in case of default.