Hello i moved in my apt complex Jan 2015 with a six month lease. Back then ot was the old owners in June new owners bought the building and in September i renewed my lease but they actually did a month to month not a lease the owners are confused.
Anyways my actual question is the new owners did a security deposit increase because they said they're the new owners and felt my deposit was too low when i originally rented the apt.
Question can they do that and if so how much of a notice do they need to give me?
The new mgr said the old mgr had me sign the contract that stipulated the 200 deposit increase but the old mgr never told me about it. The new mgr should me the contract and i do see it wants 200 extra when i signed it back in Sept
It depends on the type of tenancy you have. If you have a lease, the new landlord cannot increase your deposit unless the lease specifically allows it. If you’re renting on a month-to-month basis, the new landlord can increase security deposits, by giving a 30-day written notice. They can, at their discretion, increase the amount of the deposit up to the legal limit, which is twice the monthly rent for an unfurnished unit and three times for a furnished unit.
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