security deposit: How are Security Deposits treated in PA ?
- 10/31/20 09:00 AM
Most tenants are required to provide a Security Deposit. The Security Deposit (SD) is used to protect the Landlord’s interest if the tenants damage the unit or defaults on rental payments.
In PA , the “Landlord Tenant Act” governs all residential SD’s. Here are a few of its provisions:
1. Maximum Amount of SD allowed - 2 Months 2.At the beginning of second year 1 month must be returned 3. From years 2-5 the SD can be increased to match the moly. Rent 4. The SD is not to be used as the last month’s rent 5.After tenants vacate and have left a forwarding address the Property … (4 comments)
security deposit: How are Security Deposits treated in PA ?
- 10/31/20 08:59 AM
Most tenants are required to provide a Security Deposit. The Security Deposit (SD) is used to protect the Landlord’s interest if the tenants damage the unit or defaults on rental payments.
In PA , the “Landlord Tenant Act” governs all residential SD’s. Here are a few of its provisions:
1. Maximum Amount of SD allowed - 2 Months 2.At the beginning of second year 1 month must be returned 3. From years 2-5 the SD can be increased to match the moly. Rent 4. The SD is not to be used as the last month’s rent 5.After tenants vacate and have left a forwarding address the Property … (3 comments)
Most tenants are required to provide a Security Deposit.
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