Posts Tagged ‘Security Deposit’

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What Cleaning and Repair Charges Can a Landlord Deduct from Your Security Deposit?

Monday, November 7th, 2011

Security deposits are used to cover excessive damage done by a renter. They’re kept as a means if insurance, so the renter can’t leave the rental property without paying for damages.

To Protect Against Damages Exceeding Expected Wear and Tear

Normal wear and tear of the property is anticipated by every landlord, but reckless damage or neglect on the part of the renter are not tolerated. Such circumstances are justification for the landlord to exercise use of the security deposit. Remember, living…

Will I Get Interest on My Security Deposit?

Wednesday, July 6th, 2011

Whether you will receive interest on your security deposit depends on state law and your apartment. If your state requires landlords to pay interest to tenants on paid security deposits and your apartment complex fits within the purview of the law, you will likely receive interest on your security deposit within a few weeks after moving out.

States that Require Interest Payments

Less than a third of states require landlords to pay interest on security deposits. These states are:

  • Washington
  • New Jersey
  • Maryland
  • Massachusetts
  • New Mexico
  • New York
  • Illinois
  • North…

4 Renting Laws that Benefit the Tenant

Tuesday, October 5th, 2010

Renting laws, both state and federal, can benefit you as a tenant. Some laws protect you against being thrown out on the streets with no warning or for no good reason. Other laws make it financially possible for you to move into an apartment in first place. It’s important to know basic tenant rights before you sign a lease agreement, and before a dispute arises with your landlord.

1 - Illegal Retaliation by Landlord

There’s a reason why your landlord won’t evict…

End of Your Lease: 5 Places to Look before Your Landlord Does

Monday, September 13th, 2010

At the end of your lease, you can expect your landlord to inspect the apartment. It’s a sad thought, but some landlords do all that they can to not return the full security deposit or any of it. They look at everything closely, and try to find the smallest defect to charge tenants for. You’ll be amazed at the places your landlord looks, and knowing what they are can help you hold on to more of your security deposit.

1 -…

Apartment Tour: 6 Questions to Ask

Friday, September 10th, 2010

Taking an apartment tour is a good way to measure whether you want to move in, as well as whether you’ll get along with the property manager or landlord. You don’t want to just spend the whole time looking at the features of the apartment and listening; take notes and ask a lot of questions.

1. How Often Do the Police Visit?

This question might catch the landlord off guard, but it’s a valid one. As nice as the apartment might look…