garantibeløp
Garantibeløp, often translated as a security deposit or guarantee amount, is a sum of money held by one party to ensure the performance of an obligation by another party. This practice is common in various contractual agreements, most notably in rental situations. In a rental context, the garantibeløp is typically paid by the tenant to the landlord at the beginning of the lease. Its primary purpose is to cover potential damages to the property beyond normal wear and tear, or to compensate the landlord for unpaid rent or other breaches of the lease agreement. The specific amount is usually stipulated in the rental contract.
Upon the termination of the contract, if the tenant has fulfilled all their obligations and the property