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Security Deposit, Landlord/Tenant

Security Deposits

WHAT CAN THE SECURITY DEPOSIT BE USED FOR?

A Security Deposits (called "damage", "cleaning", and "pet" deposits) is any advance deposit of money used to secure the performance of the leader. Security Deposits may be used for several purposes............

WHEN IS A TENANT ENTITLED TO A FULL RETURN OF HIS/HER DEPOSIT?

If the tenant has given proper notice (proper notice is the time specified in the lease. If no time is specified, notice should be given within the time specified by the law) and has left no financial obligations to the landlord, and if the dwelling is left in the same condition as when the tenant moved in, minus "normal wear and tear", the tenant is entitled to a full return of the security deposit within 30 days (unless she/he contractually agrees to 60 days in a written lease) of vacating the premises (tenant should leave a forwarding address).

 

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