Florida Lease Deposit Guarantee Bond

State:
Multi-State
Control #:
US-OL4A025
Format:
Word; 
PDF
Instant download

Description

This office lease guaranty lists the conditions of the principal's obligations held in this bond. If all obligations of this guaranty are performed and indemnifies and holds harmless the obligee from any loss, costs, and expenses incurred by the obligee as a result of any failure or default by the principal in its execution of the agreement, then this obligation shall be void; otherwise it will remain in full force and effect.

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FAQ

(a) Upon the vacating of the premises for termination of the lease, if the landlord does not intend to impose a claim on the security deposit, the landlord shall have 15 days to return the security deposit together with interest if otherwise required, or the landlord shall have 30 days to give the tenant written notice ...

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.

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.

Landlords in Florida are free to charge whatever rent they want for their properties, as the state does not have rent control laws. Additionally, Florida statutes do not cover rent payment conditions, meaning they can set their own terms for collecting rent.

If the landlord doesn't return the security deposit within 15 days, the lessee can take them to court. Alternatively, if the landlord doesn't send a written notice explaining the deductions within 30 days.

Florida Florida Landlord and Tenant Security Deposit Bond A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.

The law (HB 1417) gives the state authority to govern landlord-tenant agreements. The legislation affects issues like the notice requirements for rent increases, fees, and even eviction. The bill also allows landlords to offer tenants a monthly, non-refundable fee, in lieu of security deposits.

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.

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Florida Lease Deposit Guarantee Bond