Rental Application – Used by landlords to assess a potential tenant.
Required Disclosures (1)
1. Lead-Based Paint Disclosure & EPA Pamphlet – Tenants moving into properties built before 1978 must know that lead-based paint could be on the walls or ceiling.
Security Deposit Laws
Maximum Amount – None.
Collecting Interest – If the deposit is more than $50 or the equivalent of one month’s rent, whichever is greater, and the lease is at least six months, the landlord must hold the funds in an interest-bearing account with a 5% annual rate.[1]
Returning – Unused deposits must be returned within 30 days of the end of a lease agreement.[2]