Re: How do you keep all the Security Deposit? - Landlord Forum thread 327615

Re: How do you keep all the Security Deposit? by Bill on November 19, 2014 @11:58

Some states do not allow the application of delinquent rent to the deposit. If yours does, it is unlikely that the deposit will be subject to a refund for the payment of the rent. You still must apply all the cleaning, damages and repairs to the deposit. If your state allows you to, also charge off your labor and relisting expenses, take those too.

Whatever you do, you must send out a security deposit settlement letter within the limits your state law requires. This can range from 2 weeks to 30 days. List all your charges against the deposit. It will often result in a negative balance that you can take the tenant to small claims for.

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Re: How do you keep all the Security Deposit? by Me2 (IN) on November 19, 2014 @14:30	[ Reply ]

Actually Bill is incorrect again. The time frame to send the security deposit settlement statement in Indiana is 45 days.

Re: How do you keep all the Security Deposit? by Garry (Iowa) on November 19, 2014 @14:59	[ Reply ]

And your point is WHAT ??? Do you think every poster to this forum is supposed to know all the LL/T laws for all 50 states? In order for this to be a national forum, we all have to post in generalities here. The OP is from MD. Bill posted a range of 14-30 days, which is the range for MOST of the states. You did not have to post your first sentence. The second one would have been enough. So now with the new info you gave us, will it make you happy if we say the range is 14-45 days ?

Re: How do you keep all the Security Deposit? by Becky (IN) on November 19, 2014 @23:03	[ Reply ]

"Actually Bill is incorrect again. The time frame to send the security deposit settlement statement in Indiana is 45 days." OP clearly stated he's in Maryland, so what happens here in Indiana is irrelevant.