How to Lose Your Rent Deposit

My father and I own a duplex. As the landlords for our small piece of property, we have seen plenty of tenants come and go in our college town. Most have been great. A few were not. In our experience, we’ve found that some behaviors can almost guarantee that your deposit will be history.

For the uninitiated, a deposit is designed to provide the landlord a reserve to pay for a few small repairs that might be needed when a renter leaves. Most tenants leave a rental in good condition and there is little reason to dip into the deposit. Although laws vary by state, landlords are usually required to return a refundable deposit within a certain time frame or write you a letter detailing why


[Continue Reading at]

This entry was posted in Housing, Personal Finance, Saving Money and tagged , , , , , , , , , , . Bookmark the permalink.

4 Responses to How to Lose Your Rent Deposit

  1. justme says:

    also be sure to leave old tires in the yard and be sure they are on rims nothibg funner than figuring out what to do with those 😉

  2. Bill M says:

    I own a duplex and before I used to let my tenats use the basement for a small storage. Well when they moved out there was a little surprise for me there, it nearly took two trash runs to get rid of all that stuff.

    do not let anyone store any crap on your basement. you have no idea how they forget about it or are too lazy to take with them when they go.

  3. justme says:

    #2you are not kidding about the storage issue!We no longer allow tentants any storage space, we once had a lady let her teenage sons fill our detatched garage full of crapI am talking car parts and couches it was a horrible
    the garage now sits empty tenants are not allowed to use it not worth the risk

  4. Pat says:

    In California, the water leak would be the landlord’s responsibility. There are reasonable cleaning fees, and $35 for windowsills would not fly at all. They would allow an hourly wage for a cleaner…

Leave a Reply

Your email address will not be published. Required fields are marked *