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Before you go apartment-hunting, check out your state’s Landlord and Tenant Act, the body of law that regulates your relationship with a landlord.Some states have strict laws about security deposits.Check the laws in your area to learn more about the treatment of this payment.
To help you out, I want to delve into 7 important areas of security deposits that you need to understand.
You can find information on the rental laws in your state by visiting the United States Department of Housing and Urban Development’s (HUD) website.
On the State Information page, click on your state’s name to go to a page about HUD activities in your state.
If this is going to be a hardship for you, try to negotiate with your landlord.
Some may have this policy because they’ve been burned in the past by unreliable tenants.