What If A Tenant Is Late Paying Rent?
Tenants forfeit interest on their security deposits for any months when they are more than ten days late paying their rent. The only exception is when a tenant’s rental agreement already contains a late charge for overdue rental payments. Before moving, inspect your apartment with the landlord and note its condition. How Can Tenants Ensure Their Security Deposits Will Be Returned? Tenants should carefully note the condition of their apartment when they first move in and confirm that condition in writing with their new landlord. When tenants decide to move, they should notify their landlord in writing of their plans to leave and must provide written notice of a forwarding address where the landlord may send their security deposit with interest. Since a tenant may need to show proof that the written notice was sent to their landlord, the tenant should send the notice by certified mail with a return receipt. All rental payments should be made on time and tenants should repair any damage t
