New Hampshire Addendum To Apartment Lease regarding Security Deposit

• Category: Landlord Tenant - Residential Leases - Lease Addendums
• State: Multi-State
• Control #: US-895LT
• Format: Word; Rich Text

Description

Addendum to apartment lease concerning security deposit. The New Hampshire Addendum to Apartment Lease regarding Security Deposit is a legal document that provides additional terms and conditions pertaining to the security deposit portion of a residential lease agreement in the state of New Hampshire. This addendum serves as an extension to the initial lease agreement, specifically addressing the rules and regulations surrounding the security deposit. In New Hampshire, there are several types of Addendum to Apartment Lease regarding Security Deposit. Some common types include: 1. Security Deposit Amount: This addendum specifies the agreed-upon amount that the tenant is required to pay as a security deposit at the start of the lease term. It outlines how the deposit should be paid, whether it can be paid in installments, and when it is considered late. 2. Deposit Security Account: This clause outlines the procedure for storing the tenant's security deposit. It may require the landlord to place the deposit in a separate account and provide the tenant with written notice stating the bank and account details. 3. Damages and Repairs: This addendum stipulates the tenant's responsibilities for maintaining the premises and outlines the conditions under which deductions from the security deposit may be made for damages or necessary repairs beyond normal wear and tear. 4. Inspections and Condition Reports: This type of addendum includes details regarding the move-in and move-out inspections conducted by the landlord to document any existing damages or wear and tear. It may also require the tenant to complete a condition report detailing the property's condition upon occupancy. 5. Return of Security Deposit: This clause outlines the landlord's obligations to return the security deposit to the tenant, including the timeframe for returning the deposit after termination of the lease. It may also specify the deductions that can be made from the deposit, such as unpaid rent, outstanding utility bills, or damages beyond normal wear and tear. 6. Interest on Security Deposit: Some addendums may address whether the landlord is required to pay interest on the security deposit, as required by New Hampshire law. It is important for both landlords and tenants to understand the terms outlined in the New Hampshire Addendum to Apartment Lease regarding Security Deposit. Each addendum may vary, and it is advisable to consult with an attorney or knowledgeable real estate professional to ensure compliance with state laws and regulations.

The New Hampshire Addendum to Apartment Lease regarding Security Deposit is a legal document that provides additional terms and conditions pertaining to the security deposit portion of a residential lease agreement in the state of New Hampshire. This addendum serves as an extension to the initial lease agreement, specifically addressing the rules and regulations surrounding the security deposit. In New Hampshire, there are several types of Addendum to Apartment Lease regarding Security Deposit. Some common types include: 1. Security Deposit Amount: This addendum specifies the agreed-upon amount that the tenant is required to pay as a security deposit at the start of the lease term. It outlines how the deposit should be paid, whether it can be paid in installments, and when it is considered late. 2. Deposit Security Account: This clause outlines the procedure for storing the tenant's security deposit. It may require the landlord to place the deposit in a separate account and provide the tenant with written notice stating the bank and account details. 3. Damages and Repairs: This addendum stipulates the tenant's responsibilities for maintaining the premises and outlines the conditions under which deductions from the security deposit may be made for damages or necessary repairs beyond normal wear and tear. 4. Inspections and Condition Reports: This type of addendum includes details regarding the move-in and move-out inspections conducted by the landlord to document any existing damages or wear and tear. It may also require the tenant to complete a condition report detailing the property's condition upon occupancy. 5. Return of Security Deposit: This clause outlines the landlord's obligations to return the security deposit to the tenant, including the timeframe for returning the deposit after termination of the lease. It may also specify the deductions that can be made from the deposit, such as unpaid rent, outstanding utility bills, or damages beyond normal wear and tear. 6. Interest on Security Deposit: Some addendums may address whether the landlord is required to pay interest on the security deposit, as required by New Hampshire law. It is important for both landlords and tenants to understand the terms outlined in the New Hampshire Addendum to Apartment Lease regarding Security Deposit. Each addendum may vary, and it is advisable to consult with an attorney or knowledgeable real estate professional to ensure compliance with state laws and regulations.