Substandard Housing Affects Your Entire Community
January 18, 2021
Substandard housing is a growing issue. It’s estimated that 330 million urban households worldwide live in substandard housing. In the United States alone there are about six million homes and apartment buildings listed as substandard, and the problem isn’t going away any time soon.
In our last article in this series, we provided some recommendations for what a tenant should look for in a rental unit before the rental period begins. Now let’s focus on what happens when it’s time for the security deposit to be returned.
Landlords often ask tenants for a deposit, or “security deposit”, as a condition of moving into a rental unit. The landlord holds the deposit to safeguard his property against the potential risks of allowing a tenant to live there. At the end of the tenancy, the landlord may lawfully elect to use part or all of the security deposit to pay for:
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