What Happens to Your Deposit During a Housing Swap?
Short Answer: You Typically Avoid Paying a New Deposit
When you swap housing, you typically take over the other party's lease – and with it, the deposit already paid. This means you usually do not need to pay a new deposit, because the existing deposit is transferred between the parties. This can save you 30,000–60,000 DKK compared to a traditional move where you must provide a new deposit out of pocket.
However, there are important details to be aware of. The rules differ depending on whether you live in social housing or a private rental. This guide gives you the full overview.
What Is a Deposit – and How Much Are We Talking?
A deposit (depositum) is the amount you pay to the landlord when moving in. It serves as security that you will return the property in proper condition.
Typical Amounts
Under the Danish Rental Act § 59, the landlord can require a deposit of up to 3 months' rent:
- 2-room apartment in Copenhagen: Rent approx. 8,000–12,000 DKK/month → deposit up to 24,000–36,000 DKK
- 3-room apartment in Copenhagen: Rent approx. 10,000–15,000 DKK/month → deposit up to 30,000–45,000 DKK
- 4-room apartment in a major city: Rent approx. 12,000–18,000 DKK/month → deposit up to 36,000–54,000 DKK
Adding prepaid rent (also up to 3 months), the total upfront cost for a standard move can easily reach 60,000–100,000 DKK.