When Can You Not Recover a Lease Security Deposit?

Your security deposit could amount to a large sum of money, depending on the unit that you are renting. With this in mind, it would be nice to be able to get that money back. However, giving your security deposit back is not always in the best interest of the landlord. 

Substantial Damage

When you live in a property for an extended period of time, there is going to be some damage. A little bit of basic wear and tear on a property is to be expected. However, when you substantially damage a property, the landlord is going to have to keep the deposit in order to make the necessary repairs. 

Broken Lease

Another reason that you might not get your security deposit back is if you break your lease. According to your lease, you will usually have to pay a certain amount of money to cut your lease short. When you enter into a lease agreement, the landlord is planning on making a certain amount of money off of you. If you break the lease early, they will not be able to do this. Therefore, they will often keep your deposit to cover the fees to break your lease. 

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