Moving to an apartment is an exciting time to claim your own space and enjoy the independence of living alone – or in the company of roommates. In either case, there are many tasks to complete ahead of time, in order for your move to be a smooth one. One of the first things to do is to sign an apartment lease.
Part of the terms of the rental, in most cases, will be the payment of a security deposit from the tenant to the landlord prior to move-in day. The security deposit will generally equal one to two month’s rent, although each state has its own laws governing the maximum total allowed to be charged for security.
The security deposit is meant to be held by the landlord as collateral, should the apartment sustain any damage during the tenant’s occupancy. If, at the time of the tenant’s move-out, the apartment is in good shape and does not violate any terms of the security deposit, the landlord is required to return the security deposit to the tenant. Understanding the terms of the security deposit and your state laws governing its return, will help you ensure that you get back your security deposit in its entirety.
Before You Move In
Prior to apartment moving take the time to ensure that the amount of the security deposit is clearly stipulated in your written lease, as well as the terms outlining the return of your security deposit at the end of your occupancy. Ideally, you should always have an attorney read through your lease so you can be sure you are not missing any details that could affect your security deposit.
Take A Tour
Because getting the security deposit back depends on the condition of your apartment, prior to moving to an apartment you should always conduct a thorough inspection. Along with your landlord, go through the apartment to determine if there any repairs that need to be completed.
Be sure to note all existing damage in writing on the lease so you are not held responsible for them when you move out. Both you and the landlord should sign and date these additions to the lease. As an extra precaution, consider taking digital photos of any areas of concern.
Be A Responsible Tenant
While you are living in the apartment, be sure to alert the landlord immediately to any damages or breakages so they can be repaired immediately.
Leaving Your Apartment
Approaching the end of your lease – should you decide to move out –be sure to give your landlord the appropriate amount of notice as outlined in your lease. Your landlord, in turn, should give you notice of an impending apartment inspection.
Upon inspection, if the apartment is found to be in good condition, your landlord should refund your security deposit. There is a maximum length of time – as stipulated by your state – in which you should receive your security deposit. If your refund exceeds that time, you should notify your attorney immediately.
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