For landlords and tenants, the line between damages and normal wear and tear must be clearly defined from the start. Therefore, it is critical to outline what happens when repair issues arise to prevent disputes down the road. In general, landlords cover the cost of any standard maintenance in the rental property. That said, some […]
Tag Archives: when can landlords keep security deposits
04
Oct
Oct
Your Maryland tenant may have a perfectly legitimate reason for wanting to break their lease agreement and move out. However, as a property owner that earns a living on the monthly rent you collect from your tenant, this type of situation is beyond an inconvenience, regardless of the reason your tenant wants to leave. When […]
17
Jul
Jul
An important part of owning a rental property in Harford County is charging tenants a security deposit at the start of every new lease term. This deposit serves as assurance that your property will be cared for during the course of tenancy. And, if by chance your property is not cared for, this security […]
01
Sep
Sep
When a new tenant moves into your property, it’s time to start generating income from your investment. And not just from the first month’s rent – you have two other instant revenue options as well: the last month’s rent and the security deposit. Both of these are excellent ways to test a tenant’s financial stability […]
28
Oct
Oct
Obtaining a security deposit is one of the most important things a landlord can do before renting out their Howard County property. In fact, those that do not require a security deposit from their tenants often face many costly expenses when their tenant moves out. Unfortunately this leaves the landlord responsible for damage to their […]
02
Oct
Oct
As a Maryland landlord, you can’t just “wing it” when it comes to handling security deposits. You have to follow specific procedures and adhere to Maryland laws (whether you’re in Prince George’s County or elsewhere in Maryland). Otherwise, you could end up in court and/or owe your tenants a lot of money! To help you […]