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Showing posts with the label rental deposit deductions

What Landlords Can (and Can’t) Legally Deduct from Your Security Deposit

 When moving out of a rental property, one of the biggest concerns tenants have is: “Will I get my full security deposit back?” While landlords are legally allowed to deduct from your deposit in certain situations, they cannot simply keep it without justification. Understanding your rights can help you avoid unnecessary losses and protect your finances. This article covers what landlords can legally deduct , what’s considered normal wear and tear , and how to fight unfair deductions . 1. What Is a Security Deposit? A security deposit is a sum of money (often 1–2 months' rent) paid upfront to cover potential damages or unpaid rent. Most states require landlords to return the deposit within a certain number of days (usually 14–30 days) after the tenant moves out. Landlords must itemize any deductions in writing. If they fail to do so within the legal time frame, you may be entitled to a full refund—plus penalties . 2. What Landlords CAN Deduct For Your landlord has the ...

What Landlords Can (and Can’t) Legally Deduct from Your Security Deposit

 When moving out of a rental property, one of the biggest concerns tenants have is: “Will I get my full security deposit back?” While landlords are legally allowed to deduct from your deposit in certain situations, they cannot simply keep it without justification. Understanding your rights can help you avoid unnecessary losses and protect your finances. This article covers what landlords can legally deduct , what’s considered normal wear and tear , and how to fight unfair deductions . 1. What Is a Security Deposit? A security deposit is a sum of money (often 1–2 months' rent) paid upfront to cover potential damages or unpaid rent. Most states require landlords to return the deposit within a certain number of days (usually 14–30 days) after the tenant moves out. Landlords must itemize any deductions in writing. If they fail to do so within the legal time frame, you may be entitled to a full refund—plus penalties . 2. What Landlords CAN Deduct For Your landlord has the ...