Security deposit increase?

mr.yet · Feb 22, 2006, 03:16 PM

What does the original lease say? If you are on month to month it must follow the terms of the original lease.

LisaB4657 · Feb 22, 2006, 04:28 PM

The amount that the landlord is entitled to charge as a security deposit depends on the laws in your location. If you are in the US go to http://realestate.findlaw.com/tenant to read about security deposits in general. Then click on the Resources link to get the security deposit rules for your state.

Fr_Chuck · Feb 22, 2006, 04:51 PM

Are they perhaps giving you a 30 day notice that they intend to invoke a new rental agreement. A new agreement could ask for new rent and/or new deposit amounts,

If you are on a 30 day ( month to month) agreement they merely have to give you a 30 day notice to move you out.

Some states may have requirements or restrictions, but unless you have a written lease or rental agreement that restircts this, I would say they can get by with it ( if you let them, have you tried sawying "NO' and see what they say)

mz2richard · Mar 30, 2006, 08:07 PM

It is common practice to have the security deposit matching the rent amount; however, like already stated above, it all depends on the "fine print" of your rental agreement! Good Luck, please let us know what you find out!

fredg · Mar 31, 2006, 05:21 AM

Hi,
Buy-outs and Sell-outs of companies and businesses result in changes in operating procedures and costs.
I am almost sure, that since you are on a month-to-month pay, then they can raise your security deposit.
Your only other alternative might be to move somewhere else.
I do wish you the best, and good luck.

Security deposit increase?

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