The security deposit taken during a rental agreement serves as a safeguard for the landlord against any potential damages or unpaid rent. Here are some common reasons why the security deposit may not be refunded:
Property Damage:
If there is damage to the property beyond normal wear and tear, the landlord may deduct repair costs from the deposit.
Unpaid Rent or Bills:
Outstanding rent, utility bills, or other charges can be deducted from the deposit.
Cleaning Costs:
If the property is not left in a clean condition, cleaning expenses may be deducted.
Early Termination:
If the tenant breaks the lease agreement prematurely, the landlord may withhold part of the deposit.
Non-Compliance with Terms:
Violation of lease terms (such as subletting without permission) can lead to forfeiture of the deposit.
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Why the money taken during rental agreement is never refunded?
Vasanthy
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1 Year
2024-05-13T11:24:37+00:00 2024-06-28T21:03:22+00:00Comment
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