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November 9, 2007, Newsletter Issue #54: Ask About Security Deposit Upfront
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Tip of the Week
Landlords have the right to ask for a security deposit to protect the rental property from any damage that may incur while you are renting. They are not allowed to hold a security deposit that is more than two months rent unless they are holding it for a specific threat to the property, such as a pet security deposit for any additional damages pets may do to the property. Ask about all security costs up front before signing lease.
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