What am I to do with a security deposit?
- Your tenant has damaged your property and you’re left with the expense of repairs.
- Your tenant has moved out, forgetting that he/she owed you that last month of rent.
In most instances, a landlord faced with either situation would feel justified in not returning the tenant’s security deposit. However, the decision may not always be that cut and dry. Proceed with caution.
State regulations dictate how security deposits must be handled, and if not followed properly, could result in additional financial damages.
Protect yourself and your assets. Contact the Landlord Law Firm when faced with any decision regarding your tenant’s security deposit.