For a renter, a security deposit is one of the biggest hassles when they need a new place to live. A security deposit is an amount of money you are required to pay your landlord upfront to move into the home.
This security deposit is to protect the landlord from a financial loss. If you try to break your lease or you damage the property, the landlord keeps the security check. If you stay for your lease and do not damage the property, you can get the security deposit back.
The amount of money a landlord will ask for a security deposit tends to very pretty greatly from one place to the next. What most tenants do not know is – there are a lot of laws in place limiting how much of a security deposit a landlord is allowed to ask for. In order to protect