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Arizona law: ARTICLE 2. LANDLORD OBLIGATIONS § 33-1321. Security deposits A. A landlord shall not demand or receive security, however denominated, including, but not limited to, prepaid rent in an amount or value in excess of one and one-half month's rent. This subsection does not prohibit a tenant from voluntarily paying more than one and one-half month's rent in advance. B. The purpose of all nonrefundable fees or deposits shall be stated in writing by the landlord. Any fee or deposit not designated as nonrefundable shall be refundable. C. With respect to tenants who first occupy the premises or enter into a new written rental agreement after January 1, 1996, upon move in a landlord shall furnish the tenant with a signed copy of the lease, a move-in form for specifying any existing damages to the dwelling unit and written notification to the tenant that the tenant may be present at the move-out inspection. Upon request by the tenant, the landlord shall notify the tenant when the landlord's move-out inspection will occur. If the tenant is being evicted for a material and irreparable breach and the landlord has reasonable cause to fear violence or intimidation on the part of the tenant, the landlord has no obligation to conduct a joint move-out inspection with the tenant. D. Upon termination of the tenancy, property or money held by the landlord as prepaid rent and security may be applied to the payment of all rent, and subject to a landlord's duty to mitigate, all charges as specified in the signed lease agreement, or as provided in this chapter, including the amount of damages which the landlord has suffered by reason of the tenant's noncompliance with section 33-1341. Within fourteen days, excluding Saturdays, Sundays or other legal holidays, after termination of the tenancy and delivery of possession and demand by the tenant the landlord shall provide the tenant an itemized list of all deductions together with the amount due and payable to the tenant, if any. Unless other arrangements are made in writing by the tenant, the landlord shall mail the itemized list and any amount due, by first class mail, to the tenant's last known place of residence. E. If the landlord fails to comply with subsection D of this section the tenant may recover the property and money due the tenant together with damages in an amount equal to twice the amount wrongfully withheld. F. This section does not preclude the landlord or tenant from recovering other damages to which the landlord or tenant may be entitled under this chapter. G. During the term of tenancy the landlord may use refundable security deposits or other refundable deposits in accordance with any applicable provisions of the property management agreement. At the end of tenancy, all refundable deposits shall be refunded to the tenant pursuant to this section. H. The holder of the landlord's interest in the premises at the time of the termination of the tenancy is bound by this section.
In Milledgeville a landlord is suppose to hold security deposits in an interest bearing savings account. Such accounts usually have a very low rate, less than 2%. If you want to make sure that you get your full deposit back, my advise is treat your rental like you would if you owned it. Deductions from deposits can be just about anything. Cleaning is always a problem. You may think something is clean and your landlord may have a level of standard. Keep carpets clean and the best way to do that is to treat any spots as soon as they happen.
It hardly matters. A security deposit of $1000 would, at today's interest rates, collect about $3 a month, and if you make an issue of it, the owner may simply increase the rent.
NO! I have been a landlord for 25 years. 10 years in Arizona. I know the Arizona Tenant Landlord Act very well. Tell your friend to learn it also.
Technically, your landlord can do whatever he wishes with your deposit during your lease, as long as it is returned in full when your lease is up. Hope this helps!
I don;t think so. He can do whatever he wants to do with it. The only obligation he has is to return it to you when you move out, after withholding for any damages./