Y聯盟購物

When a renter violates the lease agreement he may still owe a fraction of rent to his landlord and may be accountable for the damages spotted in the property. When a lessee goes against the lease agreement, his right to his security deposits also change. Moreover, depending on how much money is to be paid on a lease a tenant may not be able to get back his deposits.

Significance Of A Security Deposit

In essence, a deposit shields both the landlord and the tenant in a rental agreement. Practically, the landlord is protected since the security deposit assures him that there is a fund that he can use for repairing any possible damages that may occur to the rental property as the tenant moves out. Similarly, the tenant is confined the deposit as it keeps him from getting a repair bill at the time he moves out of the rental property. Most lease documents also include what will happen to the deposit in case the tenant violates the lease agreement.

Unpaid Rent

Typically, when a tenant goes against the rental agreement and moves out of the property, the property owner may use the renter's deposit to pay for any unpaid rent on the lease. In this case, the tenant loses his right to get back the money in the rental deposit and all laws with respect to a landlord's obligation to return the security deposit no longer apply. In addition, the tenant may face up to a civil lawsuit from the property owner if the amount of money in the security deposit is inadequate to pay for all the unpaid rent.