Did you Know —
Security Deposits must be returned within 30 days after the tenancy ends or you may be entitled to triple damages. All deductions must be noted.
Deductions on a security deposit include: unpaid rent, damages beyond reasonable wear and tear, certain unpaid real estate tax increases.
Security Deposits must be placed in an interest bearing account in which the tenant is to receive the interest annually on the anniversary of his tenancy.
The landlord must provide the tenant with written evidence indicating the actual cost of repairs such as bills, invoices or receipts.