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How to Understand Rental Terminology

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Below are some of the most common fees and deposits that a renter will encounter:

Application Fee - often the first thing you pay, used to process your application and run a credit check.

Administrative Fee - sometimes paid in addition to an application fee, used for other expenses related to leasing to a new tenant.

Redecorating Fee - covers the cost of new paint, carpet cleaning, and possibly door lock replacement to make an apartment ready for a new tenant.

Pet Fee/Deposit/Rent - these charges can vary greatly. Fees are paid up-front, sometimes every year. Deposits are refundable if your pet has done no damage to the apartment, but often carpet stains can be unavoidable - make sure to get a list of possible charges when you move in. Some apartments will add pet rent to your monthly rent. Be sure to factor that into your budget.

Hold Deposit - this is required to reserve an apartment for the time period before you actually sign the lease. Often this amount is applied to your security deposit once you do sign the lease. If you change your mind and decide not to sign a lease, this money could be forfeited.

Security Deposit - refundable, paid at move-in or lease signing. Like a pet deposit, deductions can be taken for any damage to the apartment found after you move out. When you move out, if the apartment is in the same condition as it was when you first rented it, you will probably get this deposit back. Again, make sure to ask what items in the apartment are covered under the security deposit. Management may also request an additional deposit on particular items within the apartment (a carpet deposit may be an example of this type of cost).

**Important to note - you might be entitled to interest earned on your security deposit during the time that it is being held by your Property Manager. Be sure to look for more information about this in your lease or contact a renter’s organization in your area.

Last Month’s Rent - essentially a security deposit, it is equal to one month’s rent and is paid at move in.

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vicki


i have a friend who paid an application fee for $25 (standard) as well as a deposit for 200.00.
The application and deposit had a 72 hour time line. The information was not obtained by the company in time because the new tenent’s employer did not respond on time to submit employee info. my friend now is being told he loses $250.  True!?

 
CECILLE WEATHERSBY


HI, I WAS RENTING A HOUSE BEFORE HURRICANE KATRINA. FOR ABOUT 5 OR 6 MONTHS AND MY LANDLORD TOLD ME THAT I COULD NOT GET MY DEPOSIT BACK BECAUSE I WAS NOT STAYING THERE LONG ENOUGH. WHAT AM I SUPPOSE TO DO . WAS HE SUPPOSE TO GIVE ME MY DEPOSITED BACK. PLEASE CAN YOU GIVE ME A ANSWER.

Meghann


He can only keep the deposit if your lease has an “Acts of God” clause. Typically the clause will state what the landlord and the tenant are responsible for in the event of a natural disaster or accident. If you had caused a fire which made the house unlivable generally you would not receive a deposit back under this clause. However, since you could no longer live in the home and if the landlord did not make other arrangements for you at the same original rental price then you have a right to your deposit - UNLESS your lease states otherwise!

 
 
Melissa


I work in the apartment industry in Michigan as a leasing consultant.

Cecille-
You need to read your lease. Most leases have a section regarding “natural disasters…” etc like a fire, flood, hurricane or so on. With our lease in Michigan, should one of these things happen you would not be required to pay rent until your apartment was livable again. If restoring the apartment was not an option for the landlord, then they should process your lease as a regular move out and refund your security deposit because it was not your fault that it became unlivable.

Vicki-
No that is not right. They should refund your friend’s $200 deposit. The application fee will be forfeited for what they had to do to process information. But if things were taking too long and it was a delay on their end and your friend decided to go elsewhere, then they should with good faith return that money as it was their fault for the delay. I guess legally they don’t have to, but word of mouth will get the best of them in the end.

 
NaNoska


My husband and I were going to move into an apartment that we paid $300.00 administative fee for and just yesterday we found another apartment that has the same sister company with the apartment we was going to move into and we decide to move into that one instead of the one the were chose first. I was wondering can they transfer the applications and the administration fees over to the apartment that we are now moving to since they are in the same company?

 
cassandra


My husband and I rent an apartment with XX Co. and we were told that it was illegal for renters to collect the interest on their security deposits. We now have to pay extra security for a building that is not secure at all. Please help and let us know if this is true regarding the interest and what can we do about it if not true.

Thank You,

 

 
Kay


My cousin provided a deposit for an apartment (private owner) that she was to move into. The day she was suppose to move in, the landlord was to provide her the key. The doors were left open but he never showed up so she did not move her stuff in.

He has not contacted her back. She now wants to find another apt, can she get her deposit back.

 
Justin


I signed a lease for a 1 bedroom with washer and dryer, and was set to move in march 5th, today the apartment company tells me they rented “my” apartment to someone else for more rent and now I have to resign my lease for a different unit without washer/dryer but for the same price and they won’t give me my deposit back even though this is not what i signed for? this doesn’t seem right???

 


hi nice site.

 
Darlene Brubacher


I had a tenant that was going to rent an apartment. 2 weeks before he was supposed to move in he said that he was not moving in because he couldn’t find someone to rent a room with him. He now wants his last months rent back. is it law that i give it back to him. I now have 2 weeks to rent the apartment!

 


hi all.

 
Jon


I just moved out of an apartment and I received a letter claiming that I owe $500 plus in damages when I only left a few scuff marks on the walls and a few stains on the carpet, something my security deposit should cover. They are charging $220 for painting, $70 for carpet cleaning, and an additional $170 for redec which as according to this site is the SAME thing as painting and cleaning the carpet which doesn’t even need to be repainted.

Isn’t carpet cleaning and repainting a required duty after each tenant moves out? Is what they are charging me legal?

rain


please send comment to me also about repainting fee

 
Inez


Carpet cleaning is not the duty for a landlord to do every time a new tenant moves in or out. The apartment should be left in the same or better condition as when you moved in. If this is the itemized charges you received, it appears carpet cleaning is a different charge to cleaning(which I am assuming is the “redec” charge). Cleaning is typically broken out from Carpet Cleaning as it is typically done by a separate company.

sarazona


I totally disagree with Inez that an apartment should be “the same or better” when you leave it. Are you kidding? It’s a lived in place–there is normal wear and tear to be expected! I have no idea what a redec fee is–why should you have to redecorate for the next tenant? It sounds like bunk to me.

 
 
 
Toria Maxwell


If a partial payment of an administrative was paid on an apartment and the apartment is not ready, is the partial administrative fee refundable?

 
Raymond


I am currently looking for a flat and some of the terms used in magazines and online agency postings I don’t understand. Such as DSS, NSH. Please help if you know what they mean

 
savy


ive been renting this home for 5yrs now the cement driveway is crack in many places an uneven in a couple. ive fallen 3 different times now. whos at fault? the realtor that manages the place or the owner? for my injuriors?

 
leothelion


took carpet up now landlord wants to evict me

——————————————————————————–

I removed the carpet from my apartment because it was making me sick. It was an old carpet and I noticed when other people moved in they received new carpets but I didnt. I called the landlord when I first moved in and told him I was getting sick and all he did was send someone over from the gas company to inspect for carbon monoxide. I was trying to save up to install a new carpet when the landlord sent inspectors over (that he hired) and now I received a notice to cease and called my act of taking up the carpet vandalism. The landlord says that I will be required to pay $ 1615.70 in additional security to reinstall the carpet in my apartment. The landlord says I have 10 days to pay and another inspection will take place in that time. The landlord says if I decide to ignore this request he will file for eviction after the second inspection. Then he goes on to say that the town will be notified and my apartment will be subject to inspection and possible fines. Please help!!! Should I purchase the carpet myself since I was planning on getting a hypoallergenic carpet and face the judge in court? Should I pay the landlord and be subject to a carpet that will make me sick? The whole inspection thing is fishy too. A notice was sent around saying that the inspectors were inspecting for lead based paint. A friend in another apartment told me that they went thru his closet and asked him what he had in his locked boxes. He asked them what were they doing in his closet that they were suppose to be checking for lead paint. The floor underneath the carpet isnt a floor its like cheap sheet rock or plaster board and it makes alot of dust. There has been inspectors in before who saw the floor without carpet and said nothing. So what is the deal with these inspectors. They acted as if they were trying to find anything they could to complain about. Supposedly there were random apartments chosen for this lead paint checking. It sounds to me like there is more going on here than lead paint. Thank you so much for any help!!

leothelion43
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kyle


hi i rent a room and my land lord is telling me he can kick me out at any time becouse he shares the master bath room we are no under the tenet acked i dont now what to do can u help me

 
Nicky


I’ve been living in the same apartment for 7 years and I was wondering if the landlord is suppose to legally change the carpet and repaint every five years? and is so where can i find where it says that?

 
Christine


I moved out of my apartment about a month ago and recieved a letter from the company about deductions to my deposit. I was fine with the deductions for some minor damages but i later called the company because i was not refunded 1/2 of my pet deposit. The managment said that they had no record of my deposit but that they show me paying pet rent. I told them that i had signed the pet addendum agreement and it has both of our signatures on it, but i am not sure if this constitutes a letally binding agreement. I picked up a copy of my res. history and found charges that dn’t make sense-is there anything i can do?

 
 

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