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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 .
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 ...
The cities of Madison, Wisconsin, and Chicago, Illinois, have substantially greater protection of tenants' security deposit rights than the surrounding areas. [10] Studies have shown that landlords often improperly withhold security deposits after tenants move out, and often get away with it because it's too much trouble to fight. [11]
Rebecca Quirke of the local advocacy group Tenants Revolt said the issue of deposit theft is so widespread that about eight out of 10 renters that she’s met within the city do not get their full ...
Tenants and advocates argue that the agency's processes and decisions are often opaque, making it difficult for renters to understand their rights or the status of their complaints. This lack of clarity can discourage tenants from pursuing legitimate claims and erodes trust in the agency’s ability to protect tenant rights .
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 ...