2022 Guide To Understanding Security Deposits And Deductions
Are you planning on renting a rental property in Beaverton Oregon, and have questions about security deposits or deductions?
A security deposit is a set amount of money that a landlord will ask you to pay in advance because that money will be held by the landlord throughout your tenancy, and it will only be used if repairs are needed if you move out, or if you left any unpaid bills.
Before signing your rental agreement, you should read through your entire lease so that you have an understanding of the security deposit amount, including your landlords’ expectations for maintenance at the property during your tenancy.
What Are The Common Reasons For Security Deposit Deductions?
Besides maintenance or unpaid bills at the rental property, some of the other common reasons for security deposit deductions include:
- Breaking the lease early
- Non-payment of rent
- Unpaid utility bills
- Major cleaning costs
Your landlord must provide you with a complete breakdown of how your security deposit was used just so you can move on to your next Oregon property without having to wonder if the money was used correctly or not.
Best Ways To Get Your Security Deposit Back
Let’s face it, in today’s world, no tenant likes having to pay thousands of dollars for a security deposit, this is understandable because rents are only continuing to increase each year.
Thankfully, there are a variety of things that you can do to get your security deposit back including the following:
Take care of your rental property – Regardless of whether you’re moving into a single-family home or apartment, you should take care of that rental because it will mean less maintenance for your landlord after you move out.
Clean before you move – Although some tenants don’t care about cleaning their rental property before they move, cleaning is important because if you live the property in ‘move-in ready condition’, it will be easier for your landlord to rent the unit and give you your full security deposit back.
Give proper notice before moving – Last of all, don’t hesitate to give your landlord proper notice before you move out.
This tip is very important because your landlord can work with you to inspect the property before you move, giving you time to clean or fix any issues, eliminating the need for them to deduct money from your security deposit.
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