Posts Tagged ‘security deposit’
‘Voluntarily’ Paying More for Security Deposit
Question: My mother lives in Indiana, and wants to rent a Scottsdale vacation rental from November 15 to April 15 for $6,000 per month. The property manager, however, is demanding payment from her of the entire $30,000 rent on the move-in date of November 15, plus a $5,000 security deposit. I am a licensed real…
Read MoreLandlord Must Notify Tenant of Deposit Status Within 14 Business Days After Lease
Question: We rented a small furnished home in Phoenix. A burning cigarette severely damaged a sofa which was worth no more than $1,000. When the lease ended, we told the landlord that he could take $1,000 for a new sofa, but that we wanted the rest of our $2,500 security deposit back because the home…
Read MoreTenant Has Option to Pay Advance Rent
Question: We own a condominium in Scottsdale. For the past 12 years we have rented this condominium to a Canadian couple for January, February, March and April. They paid the rent for all four months in advance, along with a $1,500 security deposit. The husband died this past year, however, and his widow did not want…
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