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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 ...
In New York, for example, landlords are required to return security deposits, minus any legal deductions, within a certain period of time. In California, ...
Shutterstock By Laura Agadoni When you've just landed a new apartment in Boston, MA, a security deposit is kind of like the pile of work on your desk at 5 p.m. on a Friday. You could push it aside ...
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 .
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 .
An IOU (abbreviated from the phrase "I owe you" [1] [2]) is usually an informal document acknowledging debt.An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment.
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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 ...
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