One of the most common disputes between a landlord and resident is the disposition of the resident’s security deposit.
The law places limits on the amount of money that can be required as a deposit, which depends the rent charged, whether the unit is furnished, and whether the resident is a military servicemember or has a waterbed. The law also provides a deadline and specific procedures for accounting for any deductions from the deposit after the resident has moved out.
The allowed deductions from the deposit are listed in the law, but significant penalties can be imposed for getting it wrong.