Security Deposits

Landlord is required to return your security deposit within 30 days of receiving your keys.

Your landlord is required to return your security deposit within 30 days of the time that you have given your keys to the landlord. Returning your keys to the landlord forfeits your right to access the property.

If your landlord decides to keep a portion or all of your security deposit, he or she must provide an itemized list of costs incurred. The landlord must also provide invoices or receipts from legitimate entities.

Your landlord can only keep a portion or all of your security deposit to cover the cost of unpaid rent or other charges or damages that have been caused beyond normal wear and tear.

If you disagree with the landlord’s decision to keep all or some of your security deposit, your only option under the law is to file a claim in court. You can also sue for double the amount you believe has been wrongfully withheld by your landlord.

A pet deposit, key deposit, garage deposit, or last month's rent paid in advance may all be part of your security deposit. If the total security deposit is greater than one month's rent, the landlord owes 5% interest annually on the amount in excess of one month's rent.

Before giving or receiving money, be clear about what the money is for and whether it is refundable. A deposit to "hold the unit," an application fee, or a fee for a credit check are probably not security deposits.

http://www.cleveland.com/rentals/plaindealer/index.ssf/2014/12/pay_attention_to_your_lease_if_you_want_your_security_deposit_returned.html#incart_river_index