Security Deposits

Security deposits are an integral and expensive part of the renting process. They reduce fears around property destruction by giving landlord's a sum of money to deduct damages against. However, as competition and prices rise, so do security deposit amounts. Several states have acted to address this problem by placing maximums on the amount of money that can be collected. There are several elements to security deposits that are important: * Time it takes for the landlord to process. * How it...

Life doesn't always go as planned. We lose or change jobs. A loved one dies and we take on more responsibility. We get stuck in abusive relationships and we just need to get out. What ever the reason is, sometimes we need to move before our lease is up....

A security deposit is a lump sum of money paid by the renter to the landlord upon signing a lease meant as a sort of insurance for the landlord against damage caused to the unit while inhabited by the tenant....

Here's a list of states where itemized statements of deductions on security deposits are required by law....