Your Landlord Rights When It Comes to Tenants’ Security Deposits

Whether you’re a landlord or you’re just looking to rent out a property, there are certain rights that you should understand. Whether it’s a tenant’s right to request a copy of your official notice of the orders, or a tenant’s right to request restitution of damages for breach of lease, there are several landlord rights you should know about.

Security deposit

Whether a new tenant or a long-term tenant, you must understand your landlord’s rights regarding tenants’ security deposits. While state laws vary, landlords are generally bound by strict guidelines regarding handling deposits.

For example, landlords in New York are permitted to keep a tenant’s security deposit if a tenant has not paid rent. A landlord can also use a security deposit to cover damages to a unit.

Some states have set limits on how much a security deposit can be. Others allow landlords to keep security deposits for one or two months of rent. Some states allow landlords to charge higher stakes for tenants who have pets.

When a landlord does not follow the law when handling security deposits, they may lose the deposit entirely. Landlords can also evict tenants who do not return the deposit.

Some states require that a security deposit be kept in an interest-bearing account with a local bank. The owner must inform the tenant of the bank’s name and address.

A written statement of charges and payments

Taking the time to figure out your landlord’s utility bill may be the last time you shave your beard. Using a service like MyAccount to do the lion’s share of the grunt work will save you from paying for a locksmith’s booze while you do the dishes. You’ll probably be surprised that your landlord has already been on the hook for the past six months of utility bill payments. The MyAccount above service lets you view your utility bills on your smartphone, which is a nice touch. MyAccount also provides access to your electricity, gas, and water bills. You can view your accounts online, and myAccount even offers you the option to have your utilities dropped off at your doorstep.

Recovering damages and costs if a tenant declines to permit the landlord or managing agent to exhibit the dwelling unit for sale or lease

Whether you are a landlord or a tenant, it is essential to understand the rights of both parties. If your landlord does not comply with the rules and regulations in your lease, you may have to take legal action. You can also seek damages from your landlord if you are evicted, or the residence becomes unlivable.

The first rule of thumb is to ensure you have a lease copy. It would help if you also were sure to keep your contact information up-to-date. You should review your lease regularly. This will ensure that you are aware of any changes in your rules and regulations.

During your tenancy, you may be responsible for providing utility services, such as electricity and water. If you do not, you may be charge additional fees. Your landlord may also have to pay for your repairs and maintenance.

You should also be aware that your landlord may have the right to enter your home, even without prior notice, in an emergency. In addition, the rules and regulations your landlord set should apply to all tenants equally.