Montana Landlord Tenant Law Security Deposit

Montana Landlord Tenant Closing Statement to Reconcile Security Deposit
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State:
Montana
Control #:
MT-9000LT
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Description

This is a Landlord Tenant Closing Statement - Reconcile Security Deposit, where the landlord records the deposits and credits, less deductions from the credits or security deposit for delivery to the tenant. It is used to document for the benefit of both parties the monies held by the landlord and due to the landlord.

A security deposit is a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear." Everyday usage is normal wear and tear, but excess damage is a debated definition. A security deposit is not the same as rent. It is money that actually belongs to the tenant but is held by the landlord for tenant-caused damages and sometimes past-due rent. Without the agreement of the landlord, a security deposit may not legally be used as the last month's rent.

Laws vary by state, but some states place a limit on the amount of a security deposit that a landlord may charge. Some states also regulate where residential security deposits must be kept and when interest payments on the security deposits must be made to the tenant. State laws also define the time period after the tenant vacates within which the deposit must be returned to the tenant.

How To Fill Out Montana Landlord Tenant Closing Statement To Reconcile Security Deposit?

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FAQ

How do I write a security deposit return to my tenant?

What can I deduct from tenants security deposit?

How do I write a security deposit letter to my landlord?

How do I write a return letter for a security deposit?

How should landlords handle security deposits?

What is a security deposit statement?

How do you write a security deposit check?

How do you politely ask for a deposit back?

Is a security deposit an expense?

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