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Please clarify this question. I am assuming you're asking what you can do to get your deposit back once you terminate the lease on your rental unit. Generally you shouldn't need an attorney for this. You need to sue your landlord for the deposit if he refuses to give it back to you, either because he says you damaged the property or because he simply didn't give it back within the time period required (usually about 30 days).

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16y ago

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Does a security deposit collect interest?

Landlord-tenant relations are governed by municipal regulations, hence, they vary by city, but it is normal that a security deposit should collect interest. Of course, we are in a period of history in which interest rates in general are remarkably low, so I would not expect to collect a lot of interest.


What if tenant doesn't cash security deposit check within 30 days?

Then the Tenant can ask for the check to be refreshed. The deposit is the Tenant's money, not the Landlords.


Why does a lease gives both the tenant and the landlord security?

A security deposit is a refundable deposit that a tenant pays to their landlord before they move into a property As long as a tenant abides by the terms of their lease, this deposit should be returned to a tenant when their lease has expired. There are certain situations where a landlord is allowed to keep all or part of a tenant's security deposit.


Can i rent out rooms in my house if i am renting as a section eight tenant?

I have rented to Section 8 tenants and have no complaints. Rent is paid on time. As far as damages, it's like any other tenant. That's why you collect a security deposit and if that doesn't cover damages you can sue the tenant. But a tenant on Section 8, good luck.


If evicted does the secutiry deposit still get refunded to the tenant?

The security deposit should be applied to the arrearage (including any court costs), and any remainder returned to the tenant. Does the landord need to notify you how your deposit will be applied.


How can I ensure a smooth process for returning the deposit to the tenant?

To ensure a smooth process for returning the deposit to the tenant, carefully document the condition of the rental property before and after the tenant's stay, promptly address any damages or issues, and follow the legal requirements for deposit return in your area. Clearly communicate with the tenant about the return process and provide a detailed breakdown of any deductions made from the deposit.


What happens to a tenant's security deposit when the building is sold?

In most states the security deposit remains the property of the tenant regardless of who owns the building, and state laws may require the old landlord to inform the tenant who the new owner is and where the deposit money is being kept.


Is it legal for the tenant to hold your deposit till the lease contract is finished even if the contract is broken?

If the tenant broke the lease via a material breach, the tenant may forfeit his security deposit. However, if the landlord has breached the lease, he must return the full security deposit.


What is the purpose of a security deposit and when is the last security deposit typically due?

The purpose of a security deposit is to protect the landlord in case of damage or unpaid rent by the tenant. The last security deposit is typically due when the lease agreement ends and the tenant moves out.


How to return the security deposit to the tenant?

To return the security deposit to the tenant, the landlord should inspect the rental property for damages, deduct any necessary costs for repairs, and then provide the remaining amount of the deposit to the tenant within the specified time frame as required by the rental agreement or local laws.


Your rental had a flood due to a faulty plumbing fixture The landlord and you agreed your family will move out as soon as possible What are your rights concerning your security deposit?

your security deposit is for DAMAGES caused by the tenant. Note this is major damages (broken windows, holes in the walls), not normal wear and tear. This flood was caused by faulty plumbing, not the tenant, so the tenant's security deposit should not be effected by this. Therefore the tenant should get his security deposit back, unless there were damages caused by the tenant themselves (not by the flood).


Do you have to return deposit to tenant who broke lease agreement by bringing in pet?

You can use the deposit to cover your costs of dealing with whatever damage the pet did or cleaning that it required. You might also be able to use the deposit to cover costs of terminating the lease and evicting the tenant. Anything that is left must go back to the tenant.