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Security deposit is not the last month's rent

Posted by Unstoppable Ed on August 17, 2000 at 19:05:10:

In Reply to: security deposit and last month's rent posted by janet on August 17, 2000 at 14:32:20:

:I want them to use part of my two months security deposit for the last month's rent. They called to inform me that I cannot do this.

They're right. A security deposit is a deposit; not your final month's rent. Try to make arrangements to have your apartment inspected by management, turn in your keys, and get your deposit back on the same day you move out. If you live in a building with 6 or more units, as you say you do, then you are entitled to any accrued interest on the deposit, less 1% for the owner's expenses.

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