The answer below is pretty much correct. It is important to understand that there is rent and security. The deposit is to cover losses and protect the landowner against you if you have bad credit or if you demolish the apartment. The owner must deposit this in a separate security account that carries interest payments on your money.
Only if it is included in the wording of the lease that was signed. If there is no clause requiring last month's rent. Then the request by the landlord is unenforceable.
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Better if you are going to review your contract because that is the only way to know if the things that your landlord's doing are legal. There are times that they are allowed to ask for last months deposit because they need to be assured that even though you will be evicted or move out without ending the lease and you choose not to pay your last monthly rental fee at least they have your last month deposit.
Renting an apartment in Indianapolis, IN when there have been prior evictions can sometimes be tricky. It is best to be upfront with the landlord. They may require references and a security deposit in order to rent the apartment.
No. Your last month's rent is that: your last month's rent. The landlord must allow you to stay in your apartment for the last month and not use that money for any other reason. If the landlord collected a security deposit then he can use it to repair his unit: IF you are the one who damaged it outside the realm of normal wear and tear. He cannot use your security deposit as your last month's rent unless you agree to it.
A security deposit is an advanced deposit that is generally retained by the landlord during your tenancy. The landlord is obligated to return such deposit within 30 days with interest earned, if any, and/or an itemized list of expenses for which the landlord is offsetting the deposit amount (for which he wants to keep some or all of the deposit). The laws regulating such deposit varies between states under the Landlord/Tenant laws of that state.
Most states require the landlord to place the deposit in an interest-bearing account, protected from his creditors.
Yes he can. It depends on the degree of damage done. A landlord shouldn't keep the deposit to paint if only usual wear and tear have occured. However, putting nail or pin holes may be enough for the landlord to justify keeping the deposit for damage beyong normal, permitted use.
yes
Yes. That's the short answer, but it's usually a condition of your lease.
A landlord will keep a security deposit if the condition of the rental property was damaged by the occupant in some manner. The security deposit is to cover the expenses of repairing the rental property after the tenant has moved out of the premises.
The purpose of a security deposit is to pay the last month's rent in the event that a tenant stops paying and has to be evicted, not to pay for cleaning and painting. It would only be reasonable to use a security deposit for this purpose if the departing tenant left the apartment in extremely bad condition, requiring an abnormal expense to restore it.
A new landlord has to have received the security deposit from the old landlord during the process of the closure of the sale of the property. The new landlord is responsible for that security deposit.
If an apartment is reserved for you, because you paid a security deposit, that means that the landlord is not able to rent it to anyone else. Hence, when you then decide not to move in after all, the landlord has still lost the rent which he might have collected by renting that apartmnent to a different renter. So yes, he can withhold the deposit. It is not a good idea to make a deposit on an apartment that you are not actually going to move into.
It depends on what state you are in according to RentLaw.com
The security deposit is returned: after the lease ends; the tenant moves out; and the landlord inspects the apartment. The landlord has the right to deduct any necessary cleaning and/or repairs to the apartment in order to ready it for a new tenant, but nothing to improve the apartment (for example, adding an air conditioner or dishwasher where none existed; replacing carpeting with hardwood flooring) beyond the condition in which it was leased. Depending on the condition of he apartment, the landlord may not refund any of the security deposit. Your best bet is to thoroughly clean the apartment and patch any holes/damage created during the lease. Optimally, you would have taken photos the day you moved in to prove the condition of the apartment as received.
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.
Renting an apartment in Indianapolis, IN when there have been prior evictions can sometimes be tricky. It is best to be upfront with the landlord. They may require references and a security deposit in order to rent the apartment.
Yes, a landlord in Connecticut can charge first, last, and a security deposit to renter.
No. In the estoppel that your old landlord signs to the new landlord the security deposit is turned over to the new landlord, who keeps the deposit where it is now, or tells you where your deposit will be located.