Why is my deposit managed by a seperate Foundation and not by the landlord?

The deposit serves as security for compliance with the obligations arising from the rental agreement and may not be used for other purposes.

The Foundation for EHR Clients’ accounts has been created specifically to ensure that improper use of the deposit cannot be made. Another benefit is that your money is not endangered if liquidity problems arise with the lessor.

The Foundation is an independent entity and guarantees the tenant a safe keeping of his deposit.