When moving into a new apartment, one of the requirements is that you pay a security deposit which you should receive at the end of the lease. There is no guarantee that you will get back this money since some landlords don’t give it back. According to statics, a quarter of apartment renters lose their deposit in the hands of bad landlords. Understanding your rights as a tenant can save you from such scenarios and help you get extra funds as you move from one apartment to the next. Here are some few tips that you should use to ensure that you get back your security deposit.
Before you occupy an apartment, you should do extensive research on not only the best house available but also the reputation of landlords. You can make use of different online sites for you to look up information regarding your landlord. If you choose a good landlord, you won’t have to worry about them not refunding your security deposit.
Go through your lease extensively before signing. The lease includes critical details regarding security deposit policies. The deposit maximums sometimes vary from one state to the next. For instance, most of the apartments in Malaysia let tenants occupy properties after paying a one-month security deposit. You may have to pay a separate deposit if you have a pet.
Understanding your lease can help you live in harmony with your landlord.Before occupying an apartment, inspect it thoroughly. Be on the look-out for any pre-existing problems and document them. Feel free to take photos that you can share with the property owner or manager. Keep a copy of this evidence for future reference.
The apartment may not be in perfect condition, and identifying significant problems such as large holes in some of the walls, or a broken mirror can prevent you from incurring the cost of damages. The landlord should not charge you for pre-existing problems, and they should refund your security deposit in full. This can only happen if you have proper documentation since most of the landlords only care about moving on to the next tenant.
Every apartment comes with a set of rules that you should follow. Abiding by them ensures that you don’t give the landlord a valid reason to hold on to your security deposit when you want to move out. For instance, if your apartment has a no-pet policy, avoid bring a pet along. If you intend to make some significant changes in your house, get written permission from the owner first. Try to treat the apartment as if you owned it.
If you don’t intend to renew your lease and are looking for another apartment, give your landlord notice so that they can arrange for your security deposit. The written notice can serve as evidence in court if the landlord refuses to pay back your deposit. Ensure you clean up the apartment when moving out so that the landlord does not charge cleaning fees from your deposit.