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Most renter deposits and fees have legal parameters. If your landlord breaks them, you can get your money back — maybe even double. Skip to main content. 24/7 Help. For premium support please ...
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 .
When the deposit is under an insurance-based scheme, the landlord or the letting agent will hold the deposit but have to pay a fee to ensure the landlord will not illegally retain the deposit at the end of the tenancy. If at the end of the tenancy the landlord does not release the deposit, the insurance will pay back the tenant.
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.
Here's how tenants can improve their chances of getting back most or all of their security deposit. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ...
A woman can't believe all her landlord's bizarre reasons for refusing to give back her security deposit. One TikToker, @matildaaahh2001, was stunned when she learned why she wouldn't be getting ...
Generally in the United States, apartment leases are not transferable without the consent of the landlord. The primary exception is the right to rent a space in a mobile home park , which is frequently transferable, frequently rent-controlled, and frequently subject to French-style "key money" payments to the original tenant in the form of ...
As its name indicates, a late payment letter of explanation is a letter that accounts for the circumstances surrounding any delinquent or tardy repayments of loan installments or credit card bills.