Addendum to apartment lease concerning security deposit.
Montana 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
A landlord must return a tenant's security deposit within 10 days after inspecting the rental if there are no damages, no cleaning left to be done and no unpaid rent or utilities.
Rules surrounding returning a deposit If your landlord holds your deposit (so should be protected in the Insured scheme), the landlord should pay your deposit back within 10 days of your request for the deposit to be returned. A tenant cannot request the return of their deposit before the tenancy ends.
In Montana, there are no limits on how much a landlord may charge as a security deposit as long as it is stated in the lease agreement. Landlords generally charge between one and two months' rent as a security deposit.
Security Deposits in MontanaYou may not use your security deposit to cover your last month's rent unless your landlord agrees. According to Montana lease and rental agreement laws, there is no limit on the amount you can be charged for a security deposit.
A landlord must return a tenant's security deposit within 10 days after inspecting the rental if there are no damages, no cleaning left to be done and no unpaid rent or utilities.
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.
Cleaning Fees in Montana: Montana allows cleaning fees to be charged to tenants only after written notice has been given to the tenant that specifies the conditions that need to be remedied. From this notice, the tenant has 24 hours to complete the cleaning and return the premises to the correct condition.
Your landlord can make reasonable deductions from the deposit if:you've damaged the property.you owe money for rent, utility bills or other charges.items are missing.you haven't cleaned the property.you left before the end of your tenancy.
You cannot dictate to adjust the rent from security. Absolute violation of the rent Agreement. 4. Security is for adjustment of breakages and dues other than the proper rent.
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.
