Can I deduct my security deposit from my last months rent?
No. You cannot deduct the amount of the security deposit from your last month’s rent. Your security deposit is not part of your rent payment. It is money paid in advance to offset any damages you cause or other non-rent amounts you owe to the property while you live there. If you deduct your security deposit from your last month’s rent, you can be sued for three times the amount of the deposit plus attorney’s fees. You may also be responsible for a reletting charge and unpaid rent.
