Security Deposit

The extra money you pay upfront when you rent an apartment is called a security deposit. It acts as an insurance policy for landlords. You can get all or some of this money back at the end of your lease if you leave the place in good condition. Specific expectations will be outlined in your lease. Any damage beyond reasonable wear and tear can result in a deduction.

How to protect your security deposit

• Make a record of any existing damage upon move-in. Take photos or videos and fill out a renter's inspection sheet.
• Request a move-out inspection before the end of your lease. Find out if anything will likely cause a deduction from your security deposit.
• Fix what you can. Patch up nail holes in the walls, remove stains in the carpet, etc.
• Leave the place looking as good as it was the day you moved in.

Keep in contact with your landlord concerning the refund of your security deposit. If you had deductions from the full amount, ask what caused it. The amount you get back can be disputed. If a conversation doesn't suffice, you can seek mediation or even legal action if you believe the landlord is taking advantage of you.