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General Security Deposit Requirements by State for Leases One Year or Longer. States. Security Deposit Amount Limit. Deadline for Return. AK. 2 months rent. 14-30 days. AL. 1 month rent. 60 days ...
Make sure you read over the lease and agree to the conditions of a security deposit refund before you sign on the dotted line. Ignorance is not a defense. Take photos. Pull out your camera and ...
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A damage deposit or deposit is a sum of money paid in relation to a rented item to ensure it is returned in good condition. They are particularly common in relation to rented accommodation , where they may also be referred to as a tenancy deposit , bond deposit , [ 1 ] or bond .
A security deposit is a sum of money held in trust. [ 1 ] In leasing, security deposits, also known as "rent deposits", [ 2 ] are required most often by lessors of automobiles , residential property, and commercial real estate .
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Surprisingly, more people than you would think are willing to forgo the security deposit they're entitled to, under the preconceived idea that their landlord just won't give it back. Lowey, on the ...