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Tellus App, Inc. [1] (d.b.a. Tellus, previously known as Zilly, Inc.) [2] [3] is an American real estate technology and financial technology company. [4] [5] The company's primary product, an eponymous app, provides a property management and payment system for use in housing rentals, [6] and offers non-FDIC-insured cash accounts targeted at general consumers.
In California, there are only four reasons why a landlord may withhold a security deposit: to cover unpaid rent, to clean the rental when a tenant moves out, to repair damages caused by the renter ...
In the United States, it is common to require key money in the form of a security deposit. The tenant pays one or two months' rent up-front. These funds are then held in escrow and are used to offset delinquent payments or damage to the property. If neither happens, the money is refunded (typically with statutory interest) when the tenant vacates.
A landlord's deductions from a tenant's security deposit must be reasonable. The landlord may make deductions for missing rent payments and for damages beyond ordinary wear and tear, which is the subject matter's depreciation or deterioration in value by reasonable and ordinary use by the tenant.
While FDIC insurance protects your bank deposits up to $250,000, SIPC insurance safeguards your investment accounts differently. The Securities Investor Protection Corporation (SIPC) provides up ...
The money is usually added to your account balance within 10 minutes, although at some locations it can take up to an hour. Stores may charge a fee of up to $4.95 for the service. Wings Financial
Information on tenancy deposits from Shelter (UK) Tenants' Rights: Security Deposits (USA) from the Connecticut Network for Legal Aid; Tenants' information guide on deposits (UK) aimed at students, but useful for most types of tenants. Tenancy Deposit Scheme for Regulated Agents (UK) - a scheme aiming to aid fairness in tenancy deposits.
The new tenants took photos and videos of all of the issues but they had already paid their $2,360 security deposit and were concerned about being blamed for the damages.