What are security deposits and how do they work?
An example of an AI chatbot conversation about security deposits and their functions.
What are security deposits and how do they work?
Security deposits are funds tenants pay to landlords before moving in, typically to cover potential damages or unpaid rent.
How much is a typical security deposit?
A typical security deposit is usually one month's rent, but it can vary based on local laws and the landlord's policies.
Can a landlord keep my security deposit?
Yes, a landlord can keep your security deposit if there are damages beyond normal wear and tear or if you owe unpaid rent.
What should I do if I don't get my security deposit back?
If you don't receive your security deposit back, you should first contact your landlord to inquire about it. If unresolved, consider legal action.
Are there laws protecting my security deposit?
Yes, many states have laws regulating security deposits, including limits on the amount and requirements for returning them.
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