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Landlords typically have a legal cushion of 15 to 60 days to return your deposit and it’s likely they’ll send you a check in the mail, along with an itemization of any money withheld. 9. Follow Up
Most renter deposits and fees have legal parameters. If your landlord breaks them, you can get your money back — maybe even double. ... If your landlord breaks them, you can get your money back ...
On the other hand, the party making an advance payment retains no right to insist upon the return of the funds as long as the recipient fulfills the contractual agreement. [3] 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 ...
It is rarely done when a commercial or public landlord is renting out an apartment to an individual, since it is easy for the landlord to get any debts collected. When individuals rent out to other individuals, or when businesses rent commercial premises, a security deposit of 1–6 months is usually requested.
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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 .