3 Ways To Lose Your Apartment Deposit

Most renters do not begin to think about security deposits until it’s time to move out and in some cases, its already too late. Here are three ways to lose your security apartment, so make sure to avoid those pitfalls.

 

Damage: living in an apartment for any amount of time will cause some damage and landlords will typically not deduct deposits for daily wear and tear. Worn paint, or even small bits of warn carpet are fine. It’s the large damage, like broken door knobs, cabinets or anything else that will leave your deposit at risk.

 

Repairs: not reporting repairs to your landlord can lead to large problems and in the end a deduction from your deposit. Always report anything that needs fixing (in writing) to your manager immediately.

 

Not reading your lease: not knowing and understanding your rights will leave you guessing and confused when it comes to getting a deposit back. Most times renters scan the lease and throw it to the side. You, however, will read the lease and ask your landlord about any questions or clarifications.