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A security deposit is an amount of money given to the Landlord by the Tenant that can be used by the Landlord to offset unpaid rental payments due to a default or premature vacation by the Tenant, as well as for necessary repairs and cleaning. Most states limit the amount that can be collected to one or two months' rent. This cap may differ depending on the type of lease (more can be collected for a long-term lease, where the property is furnished, or where the Tenant will have a pet or waterbed, etc.).

In addition, some states require that the security deposit be retained in a separate account, and sometimes, in an interest-bearing account. A few states require that the Landlord inform the Tenant of the name of the banking institution where the funds will be held.

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Q: Security Deposit Refund Letter
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How long can the landlord hold the security deposit after the tenant moved in the state of Florida?

In the state of Florida, the Landlord must either refund your deposit with in 15 days from vacancy or send to you a reason why they won't. You then have 90 days to bring a claim against them if you refute their statement, and the same for you to act on no notice. (if they didn't contact you with the refund or letter during the prescribed 15 days.) You can pursue the refund for a period of 6 months on or after the 16th day. This could also be extended by the jurisdiction if you are a service member for up to one year with proof of PCS.


Is a check for the refund of your deposit a correct sentence?

A correct sentence would have a verb and a subject such as: "This is a cheque for the refund of your deposit."


What does a landlord owe a tenant?

that the Landlord will follow the law. if the tenant leaves the house in good condition, the landlord must refund the entire amount of security deposit.


Do I have to refund a deposit on a deal gone bad?

A deposit may be either refundable or nonrefundable, depending on the wording used in the contract. Read the contract, if it states that the deposit is nonrefundable then you won't refund it. Otherwise you will likely have to refund the deposit, as the absence of a nonrefundability clause is usually taken to imply that the deposit was refundable. If there was no written contract it might just be best to refund it to avoid an argument and remember to use a written contract with an explicit nonrefundability clause in it next time if you want to avoid refunding the deposit.


You had your tax refund direct deposit to your rush card will your stimulus payment be direct deposit too?

Only if you didn't have a refund anticipation loan or had any fees deducted from your refund. If either was the case, you'd be getting a check instead.


How can I get my tax refund back fast?

There's a couple ways you can get your tax refund back fast. You can go to a professional tax service that offers "refund anticipation loan." If you don't want to do that, you, you can offer direct deposit when you file so IRS can just electronically deposit your refund.


How do you go about getting your security deposit after waiting 2 months?

First, review the terms of your rental agreement to make sure you comply with all conditions for receiving a security deposit refund. Next, contact your landlord or property manager directly to inquire about the status of your security deposit. If they are unresponsive or refuse to return it, you can file a dispute through small claims court or seek legal advice depending on your jurisdiction.


Can your girlfriend sign your name on your state refund and deposit into your bank?

NO


Can you refund a deposit on a used car?

can you describe an occassion when a security officer have dealt with person who is under the influence of alcohol, and tries to access a prohibited gateway at Sydney new years eve


Can a landlord keep a security deposit for damages rent and water even if the tenant files for bankruptcy?

Most likely. A security depsit is something that every state allows landlords to collect. The purpose of security deposits is to assure that a tenant pays rent on time and keeps the property in good condition. Half of the states place limitations on how much a security deposit can be. In addition, there are usually limitations on how a security deposit can be used by a landlord. Rent and water damages are the type fo thing that a security deposit is supposed to cover. You should look into how much damage there was as you may still be owed some money back. But the fact that you filed bankruptcy does not necessarily entitle you to your security deposit. It may be better to think of it as money already spent than a refund you are supposed to get back.


How soon does your tax refund come back with direct deposit?

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What if you child support is less than your IRS tax refund then will i receive what is left on refund?

The IRS will only take what is owed. You will receive a letter from the IRS stating that your refund will be reduced and the agency to whom the obligation is owed and a number to contact the agency. You will then receive a check/direct deposit for the remaining amount.