Philadelphia Pennsylvania Security Deposit Agreement
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FAQ
In Philadelphia, the typical security deposit may not exceed two months' rent, depending on the length of the lease. A well-structured Philadelphia Pennsylvania Security Deposit Agreement will define the exact amount and terms. It's important to understand what is legally permissible in your situation. For more information and assistance, visit US Legal Forms for tailored solutions.
Without the agreement of the landlord, a security deposit may not legally be used as the last month's rent. Pennsylvania law places a limit on the amount of a security deposit that a landlord may require. During the first year of a lease the landlord may not require a security deposit of more than two months' rent.
Most landlords understand that circumstances change and people sometimes are forced to walk away from previous decisions. Often, landlords can rent other units while waiting for you to sign a lease and do not lose money. So, in most cases, there is no problem in getting your deposit back.
What are the common reasons for deposit deductions Unpaid rent at the end of the tenancy. Unpaid bills at the end of the tenancy. Stolen or missing belongings that are property of the landlord. Direct damage to the property and it's contents (owned by the landlord) Indirect damage due to negligence and lack of maintenance.
The law allows a landlord to keep all or part of a security deposit to cover other money you may owe under the lease, including rent.
Pennsylvania Security Deposit Law Standard Limit / Maximum Amount: Two months' rent; one month for leases renewed after the first year (read more) What Can Be Deducted: Unpaid rent, cost of damage to the unit, & expenses due to breach of the lease (read more)
If Deductions Have Been Taken: 30 Days- The landlord must still return the security deposit within 30 days of tenant move-out. If a landlord does not return the tenant's security deposit within the 30 day window, the landlord may be liable to pay the tenant double the amount of the deposit they are owed.
At the beginning of the second year of a lease the landlord may not keep a security deposit equal to more than one month's rent and must return any money greater than one month's rent still being held as a deposit. After five years the landlord cannot increase a security deposit even if the monthly rent is increased.
How do I sue for my security deposit? Go to Municipal Court at 1339 Chestnut Street, 10th floor. During to the COVID-19 Pandemic, you must call the court at 215-686-2910 to schedule an in-person appointment. Ask to File a Small Claims Complaint.Ask to File a Petition to Proceed In Forma Pauperis (IFP).
Landlords in Pennsylvania can only deduct money from your security deposit for damages to the property, unpaid rent, or the breach of a lease. If they do keep any of your security deposit, they have to give you a list of the deductions, as well as the cost of the repairs.