Security Deposits/Itemizations Disputes Explained Episode 34
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Security Deposits/Itemizations Disputes Explained Episode 34
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Join Kyle as he explains the Security Deposit Itemizations/Disputes process for both Landlords and tenants. For most landlords, the security deposit represents that all-important up-front security that they can withhold to cover damages and unpaid rent. For tenants, the security deposit is usually something that they expect to receive back when they move out. But while security deposits may seem like a straightforward concept, they're an area where confusion abounds.
One of the most common causes of disputes regarding security deposits is the issue of damage vs. normal use. While landlords can keep the security deposit for repairs, they cannot keep it for what's considered to be normal wear and tear. Not surprisingly, most landlords and tenants have very different ideas about what damage and normal wear and tear look like.
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