Landlord Tenant Closing Statement to Reconcile Security Deposit Maine Form
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People also ask
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What is wrongful retention of security deposit in Maine?
Double damages for wrongful retention. The wrongful retention of a security deposit in violation of this chapter renders a landlord liable for double the amount of that portion of the security deposit wrongfully withheld from the tenant, together with reasonable attorney's fees and court costs.
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What is required if a landlord wants to keep a security deposit in a separate interest bearing Florida bank account?
Storing Deposits The three choices and the associated duties are: Interest-bearing Bank Account: The security deposit can be kept by the landlord in a Florida bank in an interest-bearing account. Either 75% of the interest generated or 5% simple interest per year must be credited to the tenant by the landlord.
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What is the 15B law in Massachusetts?
Section 15B. (a) Whoever, by means of a dangerous weapon, commits an assault upon a person sixty years or older, shall be punished by imprisonment in the state prison for not more than five years or by a fine of not more than one thousand dollars or imprisonment in jail for not more than two and one-half years.
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How long do landlords have to return a security deposit in Maine?
In Maine, landlords can request a security deposit from tenants, but the amount cannot exceed two months' rent. Upon the end of the tenancy, the landlord is required to return the security deposit within 30 days after the lease ends, or 21 days for at-will tenants, unless otherwise specified in a written agreement.
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What is the deposit law in Massachusetts?
"A landlord must return a tenant's security deposit and any interest, minus any portion that was rightfully subtracted, within 30 days after the tenant moves out." Security deposits, MassLandlords.net. MassLandlords is a landlord trade association for Massachusetts.
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Do landlords have to pay interest on security deposits in Massachusetts?
Interest on a deposit However, if the landlord doesn't deposit the security deposit in a bank, the tenant is entitled to 5 percent interest annually. At the end of each year of the tenancy, the landlord can either pay the tenant the interest or subtract it from the tenant's next rent payment.
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What is considered normal wear and tear in Maine?
Normal wear and tear. "Normal wear and tear" means the deterioration that occurs, based upon the use for which the rental unit is intended, without negligence, carelessness, accident or abuse of the premises or equipment or chattels by the tenant or members of the tenant's household or their invitees or guests.
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What happens if a landlord fails to retain tenant deposits in a separate interest bearing account in Massachusetts?
If a landlord does not place a security deposit in an escrow account within 30 days of receipt, and fails to return the security deposit to the tenant, and the tenant must go to court to get the money back, the landlord must pay triple damages, interest, costs, and attorney's fees.
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