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Remember, they own the place, not you. Read your lease. Most lease agreements lay out specific requirements that need to be met in order for the tenant to get a security deposit refund on move-out ...
Examples of deductible damages include large or excessive holes in the wall, carpet stains, and broken doors and windows. [6] [7] If a landlord wrongfully withholds a tenant's security deposit, the tenant may be entitled to additional damages beyond the amount of the security deposit.
In this situation, the bank may charge an overdraft establishment fee, in addition to interest at the overdraft rate until the account is back in credit. If a cheque is dishonoured for any reason, the bank on which it is drawn must promptly return the cheque to the depositor's (payee's) bank, which will ultimately return it to the depositor.
An estoppel certificate provides confirmation by the tenant of the terms of the rental agreement, such as the amount of rent, the amount of security deposit and the expiration of the agreement. [5] Further, the estoppel certificate may give the opportunity to the tenant to explain if they may have any claims against the landlord, which may ...
Many of your tenant rights are spelled out in state or local laws. In a situation where you feel you are being treated unfairly for any reason, check with your state's laws on tenant and landlord ...
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The security deposit is often handled as an escrow deposit, owned by the tenant, but held by the landlord until the premises are surrendered in good condition (ordinary wear and tear excepted). In some states, the landlord must provide the tenant with the name and account number of the bank where the security deposit is held, and pay annual ...
5-Day Notice to Vacate - Nuisance Drugs: If a landlord receives a "drug nuisance letter," the tenant is required to vacate the property within five days with no right to cure.
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