Rights and obligations of the tenant (Leietaker) and the landlord (Utleier) can be found in the Norwegian Tenancy Act. This act stipulates, for example, that an escrow account (Depositumkonto) be set up in the tenant’s name. This means that an account must be set up for every rental contract, and it is the landlord who pays the cost of opening an escrow account. Both tenant and landlord have a legal right to be informed before the bank pays out the deposit to the tenant, and vice versa.