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A security deposit is money a landlord holds in case the renter damages the property, leaves it dirty or breaks the lease without paying rent, according to California Courts. The amounts are ...
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 ...
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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 .
The security deposits required by many residential landlords of their tenants are the source of much dispute and litigation. Many states and municipalities have enacted laws that specifically regulate the landlord's ability to withhold tenant security deposits after a tenant moves out.
It sometimes means money paid to an existing tenant who assigns a lease to a new tenant where the rent is below market. It sometimes means a bribe to a landlord. In other parts of the world, it is used synonymously with normal security deposits, which are used to cover nonpayment of rent and excessive damage to a rental unit.
Almost half -- 44 percent -- of renters ages 18 to 24 and 33 percent of men who responded to the survey cited breaking the lease agreement as the reason they didn't get their security deposits ...
Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization; Eviction controls: codified standards by which a landlord may terminate a tenancy [1]: 1 [2]: 1 Obligations on the landlord or tenant regarding adequate maintenance of the property