5 Reasons a Landlord Might Keep Your Security Deposit



As long as a tenant abides by the terms of their lease and keeps their unit in good condition, they should expect a full refund of their deposit when their lease expires. Each state's laws are different when it comes to keeping your security deposit. Here are 5 reasons a landlord might keep all or a portion of your deposit:

  1. Early termination of your lease

  2. Nonpayment of rent - a breach of lease

  3. Damage to the property

  4. Cleaning costs

  5. Money owed for utilities

Tip


Be sure to have a conversation with your landlord at lease signing about your security deposit in addition to checking the laws of the state, city, and county where the property is located.

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This has been a quick tip by LandlordBreakup.com, the website for smart renters. If you're a renter who is curious about how you can turn your rent payment into a mortgage payment, check out our home buying course and home ownership plan for renters. Check out the course.


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