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Re: Security Deposit
by Anonymous
on April 18, 2017 @19:10
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By law (and you didn't post your state), tenants cannot forfeit their security deposit. Tenants cannot sign away their rights either.
As others have stated, you must show demonstrable damage and make SD deductions in accordance with your state laws.
Going forward, you need to remove this forfeiture of security deposit from your lease and pet clause...it's not going to hold up. Security deposits are the property of the tenant until the landlord has a legal claim against all or some of the funds.
For pets, think about additional rent per month or a one time pet fee (not deposit) to handle additional wear and tear. Tenants are still responsible for damage caused by their pets, to be properly itemized and deducted from the security deposit when the tenancy ends.
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