Security Deposit Refund Calculator

Yes. Under Article 342 of the Turkish Code of Obligations, the deposit on residential and roofed commercial leases is held in a bank time deposit in the tenant’s name and returned with accrued interest at the end. This calculator estimates that amount from the duration and annual return you enter.

The landlord may deduct only a real claim such as unpaid rent, damage or breach, and must document it. Ordinary use and normal wear are not grounds for deduction. Enter the deduction into the field to see the net refund, and document it with a deposit refund record.

A time deposit usually compounds by adding interest to the principal at each term; compound is more realistic over longer periods. For a single fixed term, simple interest gives an approximate figure. You can try both and compare.