Residential and Commercial Premises Leases
The provisions regarding residential and commercial premises leases also apply to property left in the tenant’s possession. However, these provisions do not apply to lease agreements with a term of six months or less for real estate intended for temporary use by nature.
Furthermore, these provisions apply to all lease agreements entered into by public institutions and organizations, regardless of their procedures and principles.
Provisions on Residential and Enclosed Commercial Premises Leases Will Not Apply
By the nature of the real estate, this provision is specific to temporary use (e.g., summer homes, guesthouses, etc.) and does not apply to lease agreements with a term of six months or less.
Tenant Security
In residential and enclosed commercial space leases, if a debt is stipulated as a security deposit alongside the lease agreement, this deposit may not exceed three months’ rent. If it is decided to provide a security deposit in cash or in the form of negotiable instruments, the tenant must deposit the funds into a term savings account without withdrawing the money without the landlord’s permission. Negotiable instruments are kept at the bank. Bank deposits may only be returned with the consent of both parties, upon completion of enforcement proceedings, or by court order.
Refund of the Security Deposit
If the landlord fails to notify the bank within three months of the lease agreement’s termination that they have filed a lawsuit against the tenant or initiated enforcement or bankruptcy proceedings, the bank is obligated to refund the security deposit upon the tenant’s request.