Posts Tagged ‘Security Deposit’

What’s a Surety Bond?

in Legal Issues on by

Renting a new apartment can be a financially draining experience. Referral fees, moving costs (boxes, moving truck), furniture and decorations all add to the cost of the move. However, some states offer a way to reduce those costs in the form a surety bond. A surety bond is an alternative to a security deposit -- you pay a small upfront premium, often as little 10-15% of an equivalent security deposit. Depending on your financial resources, these bonds may be a good solution for you. Here are some ways to determine if they're right for you. read more

Get Your Security Deposit Back When Moving Out

in Legal Issues on by

Ah, the security deposit… a financial burden when moving in, a blessing when moving out. There's a reason it's called a deposit—because you put money down only to cover excess damages that you might cause but, you’re almost guaranteed to get it back. Unless you cause extreme damage that your landlord can prove was your fault and existed after you moved out but before new tenants moved in, you deserve to have your deposit refunded in full. Normal wear and tear on the apartment is to be expected. However, some landlords won't make the effort to get your money back to you unless you ask for it. Beyond making sure that your crazy friends don't trash your apartment or that the kitten you're secretly hiding in your room doesn't claw up the carpet too badly, here are some steps to take to ensure you get your security deposit back. read more

Moving In: Hidden Fees and Expenses

in Saving Money on by

You’ve found the perfect apartment, and you couldn’t be happier. After a week of inner debate, you’ve finally gotten over the fact that the rent is a little bit more than you had originally intended, but the apartment is the epitome of elegance and comfort, and you just have to have it. I mean, you can deal with spending a little less on groceries each month, can’t you? But read closer… a $500 pet deposit? Can you deal with giving Fluffy away? Hidden fees are a huge part of finding the right apartment. Fees differ between complexes, and it’s up to you to ask the management about what these fees are for, and by how much they’re going to deplete your shopping funds. read more

Dude, Where’s My Security Deposit?

in Legal Issues on by

When you move into an apartment, your landlord will ask for a deposit of some sort. All states allow landlords to legitimately ask for a security deposit to accompany the first month’s rent. A security deposit is money given to a landlord to provide protection against damage to the rented premises or for some other failure of a tenant. read more