Korea has an interesting system. You pay a single (very large) deposit when you move in, and you get the entire deposit back when you move out. The landlord keeps only the interest on the deposit.
In Canada, there’s a last month deposit that is paid at whatever the rate is when the rental begins but counts at whatever rate the last month ends up at. This is to cancel out the interest the landlord should owe on the deposit.
Korea has an interesting system. You pay a single (very large) deposit when you move in, and you get the entire deposit back when you move out. The landlord keeps only the interest on the deposit.
In Canada, there’s a last month deposit that is paid at whatever the rate is when the rental begins but counts at whatever rate the last month ends up at. This is to cancel out the interest the landlord should owe on the deposit.