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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 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 ...
Renting an apartment or any type of residence is relatively simple. You discover a vacant unit, call to arrange a showing, fill out a rental application, sign and write a check for the deposit ...
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]
Landlords illegally retaining security deposits is one of many challenges Bellingham tenants face as renter protections are lacking, advocates here say.. Rebecca Quirke of the local advocacy group ...
Landlord–tenant law governs the rights and responsibilities of leasehold estates, like in an apartment complex. Landlord–tenant law is the field of law that deals with the rights and duties of landlords and tenants. In common law legal systems such as Irish law, landlord–tenant law includes elements of the common law of real property and ...
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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