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Rental Deposit Return

A rental deposit is often paid by a tenant when renting a property; this rental deposit protects the landlord from any financial expenses that may occur if a tenant damages a property or leaves the property in an unsanitary condition. Rental deposits are often used to pay for cleaning, painting, and other property repairs, and the remaining balance is then returned to the tenant. Laws concerning the specific procedures for rental deposit return vary by state, though some general rules do apply. A landlord must usually give a tenant a detailed invoice listing all deductions taken from the rental deposit, and must also list the reasons for the deductions. Any portion of the rental deposit not used by the landlord must then be returned to the tenant within a specified amount of time. Thirty days is the standard time limit for rental deposit return in many states, however the time limit can sometimes be shorter or longer, depending on a number of factors.

Fast Facts

  • In California, rental deposit limits are 2 months rent for an unfurnished property or 3 months rent for a furnished property.
  • In Kansas, if a deposit is not properly returned tenants may sue for 1 1/2 times the security deposit in small claims court if the amount is less than $1,800.

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  • Security Deposit Demand Letter and Settlements

    In most cases, when a tenant rents property or an apartment from a landlord, that landlord will require a secu...
    • Site: landlordtenantlawfirms.com
  • Leases and Rental Agreements

    Renting your property without a written rental agreement or lease is a bad idea and could create problems down...
    • Site: lawfirms.com
  • Moving Out and Getting Your Security Deposit

    There are rent laws that landlords must follow regarding returning security deposits. Any deductions for repai...
    • Site: lawfirms.com
  • Security Deposit Letters

    A security deposit is a payment made to the property owner of a piece of real estate by a tenant who is moving...
    • Site: landlordtenantlawfirms.com
  • Security Deposit Interest

    Security deposits are checks sent into the owner of a piece of property to guarantee that the tenant will cont...
    • Site: landlordtenantlawfirms.com

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