Editing a Rental Agreement: Cash Deposit

The following entries are important for the correct, automatic calculation of the interest of the cash deposit:

Field

Meaning

Due on

Date, as of which interest is paid on the deposit amount (the first ínterest day is generally the rental start).

Percentage rate

Nominal interest, the interest that is paid on cash deposit.

Calculation date

Date, at which the first calculation of interest is to be carried out.

Frequency in months

Frequency, in which interest is calculated (this is generally 12, therefore annually)