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Nearly all rental property owners or management companies require that tenants pay a security deposit. Typically set as one month's rent (or more), the deposit is meant to cover a landlord's ...
Most renter deposits and fees have legal parameters. If your landlord breaks them, you can get your money back — maybe even double. ... If your landlord breaks them, you can get your money back ...
Trying to get your security deposit back from your landlord in California? This is what you should know about the law.
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 ...
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 .
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.
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