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renting a house





Renting A House or Apartment

Moving into a new place can be expensive, with one of the expenses being a security deposit, often equal to one month's rent. The only consolation is you get it back when you move out, maybe.

It's funny how landlords find a way to hold onto some or all of the deposit. But look at it from their perspective.

The deposit probably did not go into a separate account when they deposited it. The money got mixed in with all the rest of their cash flow so that, when it comes time to return the money to you, it feels to them like they are paying you with their money.

Most states now require landlords to make certain improvements to the property like painting it -- before they place it back on the market. If they can find a way to use your money to offset that cost they'll do it. Your job is to make sure they can't.

To get all of your security deposit back, the first step is to make sure you live up to your end of the lease. That means giving the landlord the required notice that you are moving out. Check the lease to see what that notice is.

Keep the place clean while you are living there. The cleaner you keep it the easier it will be to get it into excellent shape when you turn it back over to the landlord. If there is minor damage that you or your guests caused, get it repaired yourself.

Improving your chances of getting your deposit back begins before you move in. When you rent the unit, go on a walk-through of the apartment with the landlord or a representative and make note of any damage. Photograph it and email it to the landlord once the inspection is over. When you move out and are ready to turn over the keys, photograph the unit again.

Before determining whether or not to return your security deposit, the landlord will conduct a final inspection of the unit. Ask to be present during that inspection and make sure the landlord has your new address, where he or she can mail the check.

Once you have given up control of the apartment, your landlord must return all of your security deposit or tell you in writing why they are keeping all or part of it. Different states have different requirements, but the time limit for returning a deposit or notifying you of reasons you won't be getting it can range from 21 to 31 days.

States also have different rules for how a landlord can use your security deposit. Most states allow it to be used to cover unpaid rent. If they have to bring in a cleaning crew to clean the apartment, they usually can keep some of the deposit for that. You should leave the apartment as clean as you found it.

All states allow landlords to use a security deposit to repair damage. However, this does not include normal wear and tear. You should understand what is considered normal wear and tear in your state.

If you feel your landlord is being unreasonable regarding your deposit, it's time to escalate. DepositBeast is a new website that helps renters get their deposits back by arming them with a demand letter and negotiating with the landlord.

The website's creators two former renters who've been through the deposit drill a number of times says the tool is a simple and cost-effective way to show the landlord you're serious and are willing to take legal steps to get what is rightfully yours.

A good demand letter should contain the exact demands you re seeking in clear and concise language, Information detailing you re dispute with the other party, logical reasoning explaining why you are entitled to whatever demands you re seeking and a stern but inoffensive tone, said Mike MacKenzie, a spokesman for DepositBeast.

The legal step most open to a renter is small claims court. whose low damage limits fit nicely with most rental security deposits. It costs very little to file usually $10 to $50.

The landlord has the option of showing up in court at the appointed time and explaining why they didn't respond to your demand for the return of your deposit, or they simply choose not to contest it and mail you the check.

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Moving into a new place can be expensive, with one of the expenses being a security deposit, often equal to one month's rent. The only consolation is you get it back when you move out, maybe.

It's funny how landlords find a way to hold onto some or all of the deposit. But look at it from their perspective.

The deposit probably did not go into a separate account when they deposited it. The money got mixed in with all the rest of their cash flow so that, when it comes time.




Views: 324 | Added by: mescalinee-1973 | Tags: House, RENTING | Rating: 0.0/0
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