Re: Security Deposit - Landlord Forum thread 351721

Re: Security Deposit by P-Bone (NY and OH) on April 18, 2017 @12:28

I may not specifically be answering your direct questions, but I do have some concerns. Regardless of what the agreements say, deposits can only be used towards the actual cost of damage. With that said, if the carpet was beyond 7 years old (I forget if it's a 5 or 7 year property per the IRS depreciation), it would be beyond it's useful life and you would not be able to charge anything for replacing it. You would however have been able to charge any attempts to clean it. Just some things to consider.

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