Security Deposits Flashcards
1
Q
Security Deposit Definition
A
Deposit paid by tenant to landlord to be held for all or part of the term of the rental agreement
2
Q
Use of Security Deposit
A
(1) Reimbursement for actual damages
(2) Pay for last rental period
(3) Reimbursement for unpaid utility/sewer charges
(4) Wear and tear
3
Q
Return of Deposit
A
Landlord must return deposit within 45 DAYS after leasehold ends
4
Q
Notice to Tenant of Deductions from Deposit
A
Landlord must ITEMIZE ANY DEDUCTIONS IN A WRITTEN NOTICE to tenant
