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For the above-mentioned Tenant, the Security Deposit (Security Deposit) will be waived. ... Without a waiver, the Tenant must pay the security deposit. Tenant agrees to maintain the Apartment in good condition and to pay all housing rents and charges in a timely manner.
Security deposits can be either be refundable or nonrefundable, depending on the terms of the transaction. A security deposit is intended as a measure of security for the recipient, and can also be used to pay for damages or lost property.
Nonpayment of rent: A landlord may keep all or part of a tenant security deposit to cover unpaid rent. ... Tenant breaks the lease: If a tenant breaks his or her lease, the landlord can keep all or part of the security deposit, depending on the terms of the lease and the applicable state laws.
Generally, if the tenant changes their mind about leasing the premises, (even before the lease is signed) the deposit may not, in certain instances, be returned if the Landlord has not found a replacement tenant before your move-in date.
A security deposit is a deposit of money to the landlord to ensure that rent will be paid and other responsibilities of the lease performed (e.g., paying for damage caused by the tenant). The laws surrounding these deposits vary from state to state; this is a general overview.
A security deposit is any money a landlord takes from a tenant other than the advance payment of rent. The security deposit serves to protect the landlord if the tenant breaks or violates the terms of the lease or rental agreement. It may be used to cover damage to the property, cleaning, key replacement, or back rent.
On average, the security deposit is equal to one month's rent. So, you want to keep this number in mind when calculating how much money you'll need to give your landlord at move-in. Many landlords require the security deposit and first month's rent (and sometimes last month's rent too) before they'll give you keys.
Answer: Landlords are not obligated to use security deposit funds for the final month's rent, unless it is specifically stated in your written rental agreement that the deposit can be used for this purpose. ... Before you decide not to pay the rent, you may want to discuss the situation with the landlord.
A good deposit clause will include that the deposit can be used at the end of the tenancy for cleaning, damage, missing items, gardening, redecoration, outstanding rent or to remedy any other breach of the tenant's obligations under the tenancy agreement.
The landlord may charge you for damages costing more than the amount of your deposit. RCW 59.18.060 says that a landlord cannot be held responsible to cover the costs of damages caused by tenants or their guests. You may contest these charges if the damages were preexisting or were not caused by you or your guests.
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