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Ways to Lose Your Security Deposit

February 23, 2012 | Comments: 0 | Views: 166

Apartment renters, beware: if you do not take care of the apartment you are leasing, you will miss out on getting a nice chunk of change when you move out. Where does this money come from? Your own pocket, in the form of the security deposit you paid when you first signed the lease for your apartment. But even though it is your money anyway, it is nice to get an unexpected sum of money when you are making a big life change like moving. However, if you are not interested in getting that deposit back (which can range from $175 to the amount of one and one half month's rent!), you can follow these steps to make sure you do not get any money when you move out. Why anyone would want to do that is way beyond the understanding of those who desperately want their security deposits back!

The first thing you should avoid if you want to basically give your money away is to be vague about damages or problems that already existed in the apartment prior to your move-in day. The landlord will usually have you fill out a sheet that details the existing issues, and this essentially says that you are not responsible for these prior damages. But if you want to lose your security deposit, skip this step altogether. The landlord will most certainly not understand why you would want to do such a thing, but likely won't dispute it because it means he can keep your money.

While you are living in the apartment, be sure to smoke inside the apartment. You should also put a hole or two in your walls, especially one so big that it would be difficult to plug later on. If something breaks, like a faucet or cabinet door or anything else really, do not inform the landlord if you want to avoid getting that deposit back. Landlords want to be informed of anything that breaks during your stay so it can be repaired by their maintenance crew. However, if there are multiple broken or damaged items when you move out, you will certainly lose that security deposit, just like you wanted.

The absolute worst thing you can do to avoid receiving your security deposit in full is to avoid informing the landlord about water spots or leaks. These are problems that can cause mold in the walls and significant amounts of damage that are not easy to clean and repair. If for some reason your landlord does not notice the water damage when you move out, he may allow someone else to rent the property without realizing the danger. That tenant may notice the smell or look of mold and would probably have grounds to sue the apartment complex, which would be very expensive for your landlord. Good luck getting your money back after that happens.

If you are on the hunt for a new apartment and want to protect yourself, take a look at renter's insurance quotes and be sure to take better care of your security deposit.

Nicola Stevens

Renter's Insurance Quotes Your Security Deposit

Source: EzineArticles
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