Security deposits are a fundamental landlord protection under leases with the expectation of tenants that the deposits will be returned upon the expiration of the lease. While landlords frequently ...
Managing security deposits is a critical part of running a multifamily housing operation. But what happens when residents move out and forget to claim their security deposit refund? Whether due to an ...
Two years, two months, and 15 days. That’s how long it took me to get my two months’ security deposit back from my former landlord, a wealthy restaurateur who illegally withheld the funds. The process ...
Last month, Judge Caproni of the Southern District of New York issued a ruling stating that if a commercial lease does not require a landlord to hold a security deposit in trust and if there is no ...
Tenants often deliver substantial security deposits when they sign leases. Those deposits are supposed to secure the tenant’s obligations. At the end of the lease, if the tenant has properly behaved, ...
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Why some landlords skip security deposits
In recent years, a growing number of landlords have opted to forgo traditional security deposits, a trend driven by evolving tenant expectations and changing legal landscapes. This shift is reshaping ...
Add Yahoo as a preferred source to see more of our stories on Google. Rent a Chicago apartment and you used to expect to have to pay a security deposit: an amount, often equivalent to a month’s rent, ...
This story is part of MassLive’s ongoing housing court guide series. You can read other stories in the series here. Your landlord is required to return your security deposit, with interest, within 30 ...
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