Rental Application – Used by landlords to determine whether or not a potential tenant will be able to pay rent.
Required Disclosures (1)
1. Lead-Based Paint Disclosure & EPA Pamphlet – Properties built before 1978 may have lead-based paint on the walls or ceiling. Their landlords are required to disclose this to new tenants.[1]
Security Deposit Laws
Maximum Amount – Up to two months’ rent.[2]
Collecting Interest – Any security deposit over $100 must be held in an interest-bearing account, with interest paid out annually to the tenant.[3]
Receipt – Tenants who pay security deposits should be notified of the name and address of the bank where the monies are being held.
Returning – Security deposits should be returned 30 days after a lease terminates.[4]
Rent Payment Laws
Grace Period – None.
Maximum Late Fee – None.
NSF Fee – $50 is the maximum fee a landlord can charge for a bad check.[5]