Yes, a
security deposit is required when booking a furnished apartment through Globexs in Spain. This deposit acts as a financial guarantee to ensure the apartment is returned in good condition and that all terms of the rental agreement are respected.
How much is the deposit?
The amount of the rental deposit depends on the specific apartment and its owner. In most cases, it is equal to one month’s rent, but some properties may require up to €750 or two months’ rent, especially for longer stays or premium units. The exact amount will always be clearly communicated before booking.
What is the purpose of the deposit?
The deposit covers:
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Any potential damages to the property
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Violations of the rental contract
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Costs that may occur if the apartment is not returned in its original condition
If no issues are reported at check-out and all terms have been followed, the deposit is fully refundable.
When is the deposit refunded?
Globexs processes the refund by bank transfer after the tenant checks out. The refund period ranges from 5 to 30 days, depending on the release of the final utility bills. We aim to process all refunds as quickly as possible.
Is insurance included?
No, tenants are not insured through Globexs. We strongly recommend arranging personal travel or contents insuranceto cover loss, theft, or accidental damage, as Globexs does not provide insurance coverage for tenants.
