Quote:
Originally Posted by kmicko
So if we had proof of our security deposit they would be required to pay it back to us in full regardless of the condition of the apartment and then bill us separately for damages? Sorry, want to make sure I understand. Every place I've lived before took damages out of the security deposit and refunded the remainder...
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You will only receive a deposit return for the amount that excedes and damages or unpaid rent...
You will be sent an invoice for the balance in the event damages exceed the amount of deposit held.
Security Deposits provide a monetary incentive not to damage the unit and leverage to the owner to insure the Rental Agreement is honored...