- Date: August 30th, 2022
- Date: August 30th, 2022
Excellent choice for leaders at all levels!
Our Mission: Ensuring Your Security Deposit Return
- Are you a tenant who recently moved out of a rental unit?
- Is your landlord still holding on to your security deposit?
- Has your landlord been ignoring your demands for your money back?
We specialize in helping tenants navigate the complexities of Florida law on security deposits. Here's how we can assist you:
- Expertise in Florida Law: Our team has a deep understanding of Florida law on security deposits. We use this knowledge to help you understand your rights and to fight for your security deposit return.
- Assessment of Claims: We evaluate each potential claim to determine if you may have a case against your landlord for wrongfully withholding your security deposit for rent.
- Aggressive Advocacy: If your landlord has unjustly kept your deposit, we will aggressively pursue your rights, ensuring you're not wrongfully deprived of your own money.
- NO RECOVERY, NO FEE!: We operate on a contingency basis. This means we don't get paid unless you recover your security deposit.
- Personal Experience: Our team has personal experience as tenants defeating landlords in recovering security deposit + fees. We understand your situation and are here to help.
- Guidance on Refunding Security Deposit: We provide guidance on the process of refunding security deposit, ensuring you understand each step and what to expect.
Learn about the lawyers behind securing your deposit.
Frequently Asked Questions
Got questions? We have got the best answers for you.
✤ What is a security deposit?
A security deposit refers to any money held by the landlord as security for the performance of the rental agreement, including, but not limited to, monetary damage to the landlord caused by the tenant’s breach of lease prior to the expiration thereof.
✤ Where is my landlord holding my security deposit during the duration of my lease?
Your landlord has 3 options:
- In a non-interest bearing bank account held for your benefit. With this, your landlord shall not commingle your funds with his her own.
- In an interest-bearing account. Like with the non-interest bearing account, your landlord may not commingle with his or her own funds. In addition, your landlord must give or credit you 5% simple interest per year on the deposit amount. Alternatively, your landlord must give or credit you75% of all the interest earned from the account.
- Your landlord can choose to post a security bond. The surety company must be licensed to operate in Florida. In addition, your landlord must pay you a 5% simple annual interest on the deposit amount.
✤ Can I use my security deposit as last month’s rent?
Most landlords will not allow tenants to use their security deposits as last month’s rent. The security deposit is meant to protect landlord from property damage caused during the course of the lease, unless explicitly specified and agreed to as part of the lease agreement between you and your landlord. It is safe to assume that the answer is no.
✤ Is a walk-through inspection necessary at the end of my lease?
A walk-through inspection is when both the tenant and the landlord go through the rental premises to inspect for any illegal alterations or damage to the unit. In Florida, this is recommended, but this is not necessary or required under the law.
✤ How long does my landlord have to return my security deposit after I vacate the premises?
That depends.On vacating the premises for termination of the lease, If you landlord does not intend to impose a claim on the security deposit, they must return your full deposit within 15 days. If your landlord intends to make any deductions from your deposit, he or she must make a claim against your security deposit, by giving written notice, via certified mail, itemizing each deduction and their reason for doing so.
✤What do I do if I dispute the landlord’s deductions from my deposit?
Upon receiving your landlord’s notice of intention to impose a claim, you must send a written objection to your landlord within 15 days of receiving your landlord’s notice.
Frequently Asked Questions
Got questions? We have got the best answers for you.
A security deposit for rent is a sum of money paid by a tenant to a landlord at the start of a rental agreement. It acts as a financial safety net for the landlord against potential costs such as unpaid rent or damages.
Florida law on security deposits provides guidelines on how landlords should handle security deposits, including how and when they should be returned to tenants.
That depends. Upon vacating the premises for termination of the lease, If your landlord does not intend to impose a claim on the security deposit, they must return your full deposit within 15 days. If your landlord intends to make any deductions from your deposit, he or she must make a claim against your security deposit, by giving written notice, via certified mail, itemizing each deduction and their reason for doing so.
Your landlord has 3 options:
- In a non-interest bearing bank account held for your benefit. With this, your landlord shall not commingle your funds with his her own.
- In an interest-bearing account. Like with the non-interest bearing account, your landlord may not commingle with his or her own funds. In addition, your landlord must give or credit you 5% simple interest per year on the deposit amount. Alternatively, your landlord must give or credit you75% of all the interest earned from the account.
- Your landlord can choose to post a security bond. The surety company must be licensed to operate in Florida. In addition, your landlord must pay you a 5% simple annual interest on the deposit amount.
If your landlord refuses to refund your security deposit without a valid reason, you can take legal action. “Securing Your Deposit” can help you with this process.
“Securing Your Deposit” can help by evaluating your claim, explaining your rights under Florida law on security deposits, and aggressively pursuing your rights if your landlord has wrongfully kept your deposit.
