Security deposit – is it really necessary?

Security deposit is one of the biggest headaches when renting an apartment and entering in someone else apartment. We give it to an owner or renter in a case of damage caused while staying in his apartment, or for a purpose of cleaning when we leave the apartment. No matter if it is refundable or nonrefundable; it is minimum in the amount of monthly rent, why it is big spending for a tenant. However, if you are sure that you will get your deposit at the end of renting period it is a safe way to have your money on the side and spare them for something else.

But how to stay sure that you will get your deposit at the end and for what purposes it can be used?

This is individual thing and it depends just of the agreement that you have made with the owner. In order to be sure to get back your security deposit try to make things clear from the beginning and put in written statement the amount you have paid as well as the list with already existing damages if you are entering the apartment that has already been rented.

Try to include in paper what are the damages and repairs that may be covered with your security deposit as well as the latest deadline when the landlord has to return your money. An extra witness wouldn’t be a bad idea, and if there are some damages photos would be more than welcome. This paper should be signed from both sides and keep the copy as well as the photos that you have taken.

When the moving day comes your landlord must obtain the list with the repairs that are made in themeantime, as well as the valid checks for the sum of money that he was paid for repairing. The same means for you if you have done some of the repairs and you want to get your money back.

Be wise and careful because just a small dismiss can leave you without your money, although you have taken good care with the apartment.