General Owner / Landlord Resources
Security Deposit
Separate Security Deposit Bank Account: |
No statute |
Deadline for Returning Security Deposit: |
30 days from move-out |
Receipt of Deposit: |
No statute |
Sale/Transfer of Property: |
The landlord must either return the security deposit to the tenant or transfer the tenant’s security deposit to the new owner if he should sell the property. |
Deposit Used as Last Month’s Rent: |
Yes |
Security Deposit Limit: |
No statute |
Lease
Rent Increase Notice: |
No statute |
Rent Grace Period: |
No statute |
Late Fees: |
No statute, but case law allows limited late fees if specified in the lease. |
Receipt for Rent: |
Not required |
Screening Fee Allowed: |
No statute |
Written Lease Required: |
Yes. If the lease is for 12 months or longer |
Copy of the Lease: |
No statute |
Automatic Lease Renewals: |
No statute |
Subleasing: |
The lease agreement controls the ability of the tenant to sublease the apartment. If the landlord wants to control whom the tenant subleases to, the lease must include a clause restricting subleasing. |
Tenant Allowed to Repair and Deduct Rent: |
No statute |
Walk-Through Inspection Required?: |
No statute |
Eviction & Entry
Use of Terms and Disclaimers
All of the information provided on this page is to be used for reference purposes only. All of the information provided is believed to be accurate and reliable; however, FortuneBuilders assumes no responsibility for any errors or omissions and is not responsible for misuse or misinterpretation. FortuneBuilders specifically disclaims any and all liability for any claims or damages that may result from using the information contained on this site.
Fees associated with real estate transactions vary by state, province and county.