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No, normally you can spend the money. If a tenant terminates a lease early the landlord can keep the security deposit and sue the tenant for loss if the unit is not re-rented by the time the lease would have expired.

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15y ago

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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.


Can my landlady force me to pay unpaid rent from 3-4 months ago?

Yes, if you're delinquent they're within his rights to refuse to accept anymore rent and proceed to evict you. They can also sue you for any unpaid balance after your security deposit is withheld, if the laws allow for the landlord to use the security deposit in such way.


Can landlord use security deposit for last month of unpaid rent. then bill tenant for repair and cleaning?

It depends upon state law and what the agreement says (provided it does not actually contradict state law). For example, many states have a separate law for "security deposit" related to rent and "damage deposit" related to the costs of repairs or cleaning. In such a state it may be illegal for a landlord to seize a damage deposit to "cover the rent" if there was no invoice for "repairs" for damage.


Can you explain what first, last, and security deposit mean in terms of renting a property?

First, last, and security deposit are payments made by a tenant to a landlord when renting a property. The "first" refers to the first month's rent, the "last" refers to the last month's rent, and the "security deposit" is a refundable amount held by the landlord to cover any damages or unpaid rent at the end of the lease.


Can rent owed be taken from the security deposit?

Yes, in many cases, a landlord can use a tenant's security deposit to cover unpaid rent or damages to the rental property. However, this can vary depending on local laws and the terms of the lease agreement. It is important to carefully review the lease and understand the landlord-tenant laws in your area to know your rights and responsibilities regarding the security deposit.


What steps should be taken to address the issue of previous tenants' unpaid bills?

To address the issue of previous tenants' unpaid bills, the landlord or property manager should first review the lease agreement to determine the responsibility for unpaid bills. They should then contact the utility companies and other service providers to settle any outstanding balances. If necessary, legal action may be taken to recover the unpaid bills from the previous tenants. It is important to document all communication and actions taken in order to resolve the issue effectively.


Can a landlord increase the deposit a year after it has been paid?

Probably. If the security deposit is meant to cover the possibility of unpaid rent or damages, those expenses go up every year too. Every time you sign a new lease it is a new agreement.


Braking a leases if you want to brake a lease at apartment and they tell that you have to stay. can you pay the contract brake amount.?

If you have a 'security deposit' with the landlord, usually you will just have to forfeit (give up) the security deposit. Don't fail to pay them rent to cover right up to the last day you occupied the premises however, or they can take you to court to collect the unpaid rent.


Can the federal government garnish the total amount of your social security check?

For unpaid taxes and unpaid student loans, yes.


What is difference between earnest money and security deposit?

Earnest money is a deposit made by a buyer to demonstrate their serious intent to purchase a property, typically applied toward the purchase price if the sale goes through. In contrast, a security deposit is paid by a tenant to a landlord to cover potential damages or unpaid rent during a lease period, and is usually refundable at the end of the tenancy if conditions are met. While both involve upfront payments, their purposes and contexts are distinct, with earnest money linked to real estate transactions and security deposits related to rental agreements.


Is unpaid labor considered illegal in any circumstances?

Yes, unpaid labor is considered illegal in most circumstances, as it violates labor laws and regulations that require fair compensation for work performed. There are some exceptions for certain types of volunteer work or internships, but in general, unpaid labor is not allowed.


Why end of lease cleaning is important?

End-of-lease cleaning is crucial because it allows you to fulfill your contractual obligations. It ensures that you leave the property in a clean and well-maintained condition, as stipulated in the lease agreement. End of lease cleaning, also known as move-out cleaning or bond cleaning, is important for several reasons: Meeting Lease Requirements: Many lease agreements stipulate that tenants must return the property in the same condition as when they moved in. Getting Your Security Deposit Back: Most landlords or property managers require a security deposit as a form of insurance against damage or unpaid rent. A clean and well-maintained property increases the likelihood of receiving your full deposit back. Attracting New Tenants: For landlords or property managers, a clean property is more appealing to potential tenants. It enhances the property’s marketability and may help in securing new renters quickly. Maintaining Property Value: Regular cleaning and maintenance help preserve the condition of the property. This reduces the need for extensive repairs or renovations, thereby protecting the property’s value. Good Etiquette: Leaving a property clean demonstrates respect and consideration for the landlord, future tenants, and the property itself. It reflects positively on your reputation as a tenant.