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Security Deposit Agreement Form Template for Switzerland

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Key Requirements PROMPT example:

Security Deposit Agreement Form

"I need a Security Deposit Agreement Form under Swiss law for a commercial property in Zurich, with multiple tenants and a third-party guarantor, where the deposit will be equal to three months' rent and held by Credit Suisse."

Document background
The Security Deposit Agreement Form is a crucial document in Swiss rental transactions, required whenever a security deposit is established for a residential or commercial lease. This agreement, governed by Swiss law, particularly the Swiss Code of Obligations Article 257e, establishes a three-party relationship between the landlord, tenant, and a Swiss bank. The document specifies the deposit amount (legally capped at three months' rent), details the dedicated bank account requirements, outlines interest arrangements, and establishes conditions for the deposit's release. It's essential for protecting all parties' interests and ensuring compliance with Swiss banking and tenancy regulations. The agreement is typically executed alongside the main lease agreement and requires careful consideration of both federal and cantonal requirements.
Suggested Sections

1. Parties: Identification of the landlord, tenant, and the bank holding the security deposit

2. Background: Reference to the main lease agreement and the legal basis for the security deposit

3. Definitions: Key terms used in the agreement including 'Security Deposit', 'Lease Agreement', 'Rental Property', etc.

4. Amount and Payment of Security Deposit: Specification of the deposit amount (maximum three months' rent under Swiss law) and payment terms

5. Bank Account Details: Information about the dedicated rental deposit account and its management

6. Interest and Charges: Terms regarding interest earned on the deposit and any applicable bank charges

7. Release Conditions: Conditions and process for releasing the security deposit at the end of the lease

8. Rights and Obligations: Responsibilities of each party regarding the security deposit

9. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

10. Signatures: Execution section for all parties including the bank representative

Optional Sections

1. Multiple Tenants: Additional provisions for cases with multiple tenants sharing the deposit

2. Third-Party Guarantor: Terms applicable when the deposit is provided by a third party

3. Insurance Alternative: Terms for cases where deposit insurance is used instead of cash deposit

4. Early Release Provisions: Special conditions for early release of the deposit

5. Assignment and Transfer: Provisions for transfer of deposit rights in case of property sale or lease assignment

Suggested Schedules

1. Schedule 1 - Main Lease Agreement Details: Summary of key details from the main lease agreement

2. Schedule 2 - Bank Account Information: Detailed banking information and account specifications

3. Schedule 3 - Identification Documents: Copies of identification documents required by the bank

4. Appendix A - Release Form Template: Standard form for requesting deposit release

5. Appendix B - Bank Terms and Conditions: Standard terms for rental deposit accounts from the bank

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses




























Relevant Industries

Real Estate

Banking & Financial Services

Property Management

Residential Housing

Commercial Property

Legal Services

Insurance

Property Development

Asset Management

Relevant Teams

Legal

Real Estate Operations

Property Management

Compliance

Contract Administration

Risk Management

Asset Management

Tenant Relations

Facilities Management

Banking Operations

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Banking Relationship Manager

Compliance Officer

Lease Administrator

Asset Manager

Property Operations Manager

Real Estate Portfolio Manager

Tenant Relations Manager

Contract Administrator

Risk Manager

Housing Coordinator

Facility Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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