Security Deposit With Rent
Description
How to fill out Addendum To Apartment Lease Regarding Security Deposit?
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FAQ
A 2 month security deposit is an insurance policy for a landlord. If the tenant wants it back, they will leave the property in good condition prior to vacating. It also shows that the tenant has plenty of money to afford the unit they are renting.
In regards to security deposits, the Florida statute requires a landlord to return a tenant's deposit within 15 days after they move out. In addition, the landlord must also include any interest accrued. If there are any deductions, then the Florida landlord must notify the renter within 30 days of their intention.
A new amendment to Florida Statutes, which takes effect July 1, 2023, has been signed into law by the State of Florida. Chapter 83.491 provides the right for landlords to offer tenants the option to pay a fee instead of a security deposit. However, there is no obligation for landlords to offer this option to tenants.
A Security deposit is where you can ?hold? the damage deposit by holding either a cheque or money on the guest's credit/debit card (dependent on your payment processor ? this works with Sage Pay and Holiday Rent Payment). You don't physically take the money unless there are damages at the end of their stay.
This letter is to notify you of damages to the property at (address) ________________________ that occurred during the time you occupied it, from (move-in date)_____________ to (move-out date)______________. To repair the below damages, $ _____________ will be withheld from your $____________ security deposit.
