Guide To Security Deposit Refund

Just like a landlord is keen about getting his rent, the tenant is also keen on getting back his rental advance and security deposit. Usually tenants do adjust their rents against the advance they have paid. But landlords do not adjust the security deposit against rent. If a tenant does everything right, then the security deposit is safe. It is in the tenant’s interest to safeguard the security deposit.

Is A Security Deposit Tax Deductible ?

A security deposit is the amount given to the landlord to safeguard the property against any damages, non payment of rent or other type of losses the property faces while the tenant is occupying it. A security deposit is a refundable amount. There are several things about security deposit that a person should know.