Addendum to apartment lease concerning security deposit.
Kansas Addendum To Apartment Lease regarding Security Deposit
State:
Multi-State
Control #:
US-895LT
Format:
Word;
Rich Text
Instant download
Description
How to fill out Addendum To Apartment Lease Regarding Security Deposit?
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FAQ
The landlord must return the balance of the security deposit to the tenant within 14 days after the determination of the amount of his "expenses, damages or other charges" but in no event should the landlord take any more than 30 days to get that done. K.S.A. 58-2550. The law requires the tenant to be entirely vacated.
Security deposits are not a part of the monthly rent. A security deposit is a set amount of money paid at the start of renting a place. This sum of money is held by the landlord throughout the rental agreement or lease. It pays for any damage the renter caused in the unit until the end of the lease period.
When you rent a property, you will usually have to pay a security deposit. A landlord cannot charge you more than the equivalent of one months' rent as a deposit or more than one months' rent in advance.
Landlords or their agents are no longer allowed to charge tenants for anything except: the rent, the tenancy deposit and a holding deposit (more on these below). This means you are no longer allowed to ask tenants to cover the cost of their own referencing.
You can still be charged for: the rent. a refundable tenancy deposit capped at no more than five weeks' rent. a refundable holding deposit (to reserve a property) capped at no more than one week's rent.
The landlord can adjust the security deposit against any arrears of rents or other charges as agreed under the tenancy agreement.
The agreement should clearly mention the amount of rent that you have to pay each month and the due date by which it has to be paid. In most cases, landlords ask for a security deposit which is usually equal to one or two months' rent amount. Mention the security amount in the agreement and when it will get refunded.
A lease clause is a specific part of a contract or rental agreement between the landlord and tenant. These clauses need to be compliant with local state laws and other agreements between the two parties.
Legal Basics. Kansas landlords can charge up to one and one-half months' rent as a security deposit on furnished properties and one month's rent on unfurnished properties, plus up to another half month's rent for a pet deposit.
The Security Deposit clause requires the payment of a security deposit to protect, in the case of real property, the Landlord from the Tenant's non-payment of rent and from damage to the property, or in the case of personal property, the Lessor from the Lessee's non-payment or damage to the property.
