Legal Use of Security Deposit
A general security deposit can normally be used to pay for any outstanding debt owed by the tenant to the landlord. Unfortunately, it is easy to make mistakes under the intricacies of various laws governing rental property security deposits. This includes a new rule under the emergency moratorium that requires offering a payment plan before using the deposit to pay rental arrears. Attorney, Maxwell Glasson will review all the state and local laws governing the security deposit as well as best practices to follow when collecting and completing refund accounting at move out.
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