Addendum to apartment lease concerning security deposit.
Utah Addendum To Apartment Lease regarding Security Deposit
State:
Multi-State
Control #:
US-895LT
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Word;
Rich Text
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How to fill out Addendum To Apartment Lease Regarding Security Deposit?
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FAQ
In Utah, landlords are required to return a security deposit within 30 days of the tenant vacating the premises. This timeframe allows landlords to assess any damages and provide an itemized list of deductions if necessary. It is crucial to refer to the Utah Addendum To Apartment Lease regarding Security Deposit to ensure all parties understand these timelines clearly.
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.
You can straight away send a legal notice to him to claim the said amount, and probably this will do. However, if he still fails to return the money so paid as advance by you you can file an FIR in the police station.
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 rental deposit is generally a safeguard for the landlord against any damages made to the premises by the tenant. The landlord shall deduct a certain amount from the rental deposit in case if any damage has been caused to the rented premises because of the tenant.
Landlord Not Returning the Security Deposit: What to Do If your landlord refuses to return your security deposit, ask the landlord to substantiate his decision. If he refuses to do so, consider sending a letter of demand. As a last resort, you may file a claim in the Small Claims Tribunals.
The landlord must refund the deposit within 30 days after the tenancy has ended. The refund must be delivered to the tenant's last-known address.
The security deposit amount which is interest free and non-taxable should be returned by the landlord, just before the tenant vacates the premises, after duly inspecting the premises.
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.
