Most landlords in various states will not use the security deposit for a number of things. For instance, the security deposit can't be used for repairing general wear and tear or unsightly looking markings that existed in the apartment or home before you moved in it. The security deposit can't be used for cleaning your rental unit. Also, a rental agreement or lease should never say that your security deposit is non-refundable. Why would it be? There is no way to know in advance if you or your tenants will damage the apartment and will need to cover those repairs with the entire amount of the security deposit.
The security deposit is used to cover damages after you have been there, unpaid rent, cleaning the rental unit after you moved out, and it is also used to cover the cost of restoring the suite, replacing furniture, keys and other items that were on the property before you arrived. Read your lease contract to be sure what other things the security deposit is supposed to cover.
Nicholl McGuire
No comments:
Post a Comment