Can a landlord keep both last month's rent AND a security deposit after 1 year?
I have a question about a Pennsylvania real estate law and landlord keeping last month's rent and a security deposit after 1 year of residency.
I signed a rental agreement for a house in which I currently live in August, 2008. At that time, I paid the landlord first AND last months' rent as well as a security deposit to move in. The lease states that the security deposit was NOT put into an escrow account, which, as I understand PA law, is OK practice for the landlord for the first two years of the rental agreement (please correct me if I am wrong).
Here is my question: According to what I have read, at the beginning of the lease term and for the first year, the landlord can ask for the first month's rent, the last month's rent and the security deposit. BUT, at the beginning of the second year of a lease, the landlord may NOT keep a security deposit equal to more than one month's rent and must return any money over one month's rent which the landlord still has. Am I correct in interpreting this to mean that my landlord LEGALLY should have refunded the last month's rent at the beginning of the second year of residency? The lease went month to month after one year; does this have an impact on his returning our "last month's" rent after the first year?
Any help is greatly appreciated!