First amendment to the new Civil Code

14. February 2017

After two years of effect of the Civil Code, the first amendment thereto comes into existence. The amending Act no. 460/2016 Coll. comes into effect on February 2017 and stipulates, i.a., an option to agree on securing a receivable in the form of unlimited deductions from salary (it is currently possible to make only deductions not exceeding half of salary) and reducing the maximum security deposit, which may be required by a landlord from his tenant from the existing six monthly rents to three monthly rents of a flat.