How to Get Your Rent Security Deposit Returned

Adren Aline
When you first move into a rented property your landlord may require a security deposit in additional to the first month's rent. A security deposit is usually equivalent to one or two month's rent and is set aside to ensure that you will honor the provisions of your lease. Many states require that the funds of the security deposit be deposited in an interest-bearing account that is earmarked for this purpose; you are entitled to the interest earned.

Once the lease has expired, it is the responsibility of the landlord to return the full deposit, including any accrued interest, provided the rented property is left in good shape at the end of the lease. The conditions pertaining to your security deposit should be indicated in your lease; you should review it very carefully. In general, your landlord has the right to use your security deposit in the event you damage the property being rented and refuse to make or pay for repairs. You are entitled to get your security deposit back even if you break your lease; however, your landlord also has the right to sue you for breaking the lease.

Published by Adren Aline

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