The security deposit is held by the owner, until the end of the rental agreement. As stated in the contract, it is held to cover any outstanding bills and possible damages to the property. The property will be checked at the end of the contract, and if no outstanding bills nor damages to the property, this deposit is handed back to the tenants. If there are outstanding bills, the due amount will be deducted from the deposit. If there are damages this will be disputed in the nearest courts, if the amount of damage is higher than the paid deposit.