Landlord/Tenant Issues: Security Deposits and Last Month's Rent

This week, Title Leap Founder Jim Brown and closing extraordinaire David Velez discuss the rights and duties of landlords and tenants when it comes to security deposits and last month's rent.
#TitleTalk is a weekly video series for realtors provided by Title Leap that gives realtors tools and tips to get to the closing table faster and easier.
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[@mazie7952]

Fl is a horror
My lease expired the 18 of the month
They charged a full month.said they don't probate will reimburse me for the two weeks which is almost 800.

[@crimsonaudio4207]

If I can not view the unit - until the tenants have vacated the unit - and I have to return the security deposit back "before" they leave....the landlord is ALWAYS going to chasing the tenants for the funds to fix the unit. Can you explain that a bit more in detail. Thanks

[@damarisobiero]

My roommate renewed his lease, I was added to the renewed lease in August 2022.I didn't know of any accrued rent when I was signing the lease, a month later there was $3600 accrued and when I asked the apartment they said it accrued from 2019. The question is, am I obligated to pay the rent that accrued when I wasn't living there? Because have tried to ask to be released from the lease, the apartment has refused that I must pay the $3600. Am in WA

[@crownuk4867]

My lease will expire on july 31st. I paid first and last month rent up front. We are now going on a month to month lease. We plan on giving a written 30 day notice in a few months. Legally speaking, when will the landlord apply the last months rent?

[@user-bx4ti6ig3i]

I paid $3000 on deposit and half months rent when I moved in so at the moment my deposit is at $4500. My rent here is $1450 now. I have 1 month left but I want to move out a month before. I want them to get the last months rent from there and they still got enough to fix wear and tear. Is that possible? I don't want to get an eviction notice.

[@ericscottstevens]

Listing where the security deposit is going is not enough in my opinion. It should also be an addendum of notification when it has been deposited into the escrow. They can say anything they want about listing what bank they use.
Landlords win

[@AllenChan82]

Question, regarding payment of interest of which the security deposit has earned yearly. For example $1,000 security deposit on .01% interest = $10. Does the landlord withdraw that amount from the account where the security deposit is held?

[@bonniemerkley1743]

Now I'm wondering if something drastic happened that I couldn't move in and future landlord witholds my last months rent saying he can't rent unit for a couple of months

[@bonniemerkley1743]

As well I've never signed a years lease. Can he legally take my last months rent?

[@soniafoster3117]

So what do you do if the landlord has sold his property to another landlord and the tenant has gave the old landlord the security deposit is the new landlord responsible for paying back the security deposit on the old landlord's behalf if the tenant decides to move out or do the old landlord leave the new owner of the building both security deposits or all the security deposits depending on if residents were to move out how would that work that's my only thing so if I became a landlord I would be responsible of paying security deposits back that I never took

[@richardpuckett8127]

If a home is sold with a tenant? The seller must transfer the deposit to the new owner. And then they are required to honor the lease agreement the tenant signed. And the new owner is responsible for returning the security deposit. If the property is returned undamaged

[@soniafoster3117]

@@richardpuckett8127 okay thank you very much

[@pezzoman11]

Check tonight

[@loustaranthony2332]

Is this only for Florida

[@NewPathTitle]

Hi Loustar, the tips in this video are intended for a Florida audience. We recommend looking into how this applies to your home state. Sites like Nolo.com are a great place to start and search on issues by state.

[@roberthall6161]

Security deposit with change of ownership

[@mazie7952]

​@@NewPathTitle is it legal for them to charge a full months rent when lease expires mid month telling me they don't prorate and will reimburse me the overpay of 800
Makes no sense. Big corporate company owns place

[@michellecinkek6616]

Useless to me I asked why it’s illegal for land lords to ask 1 last mothers rent plus deposit useless since my ? Wasn’t given an answer