This office lease guaranty lists the conditions of the principal's obligations held in this bond. If all obligations of this guaranty are performed and indemnifies and holds harmless the obligee from any loss, costs, and expenses incurred by the obligee as a result of any failure or default by the principal in its execution of the agreement, then this obligation shall be void; otherwise it will remain in full force and effect.
Pennsylvania Lease Deposit Guarantee Bond
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Multi-State
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US-OL4A025
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How to fill out Lease Deposit Guarantee Bond?
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FAQ
Pennsylvania law limits the amount of security deposit a landlord can demand. During the first year of the lease, the security deposit cannot be more than two months' rent. A landlord might ask the tenant to pay a security deposit plus ?the last month?.
Are Landlords Allowed to Charge a Cleaning Fee in Pennsylvania? Yes; however, you can only do so if it is necessary to restore the rental unit to its original state. Beyond that, if the lease permits it, you may only deduct a cleaning fee from the tenant's security deposit.
When can a landlord keep your security deposit? Landlords in Pennsylvania can only deduct money from your security deposit for damages to the property, unpaid rent, or the breach of a lease. If they do keep any of your security deposit, they have to give you a list of the deductions, as well as the cost of the repairs.
Under the right to a safe and habitable home, a landlord cannot force a tenant to move into a home or unit ?as-is? and cannot demand that the tenant be responsible for repairs. To be safe, and habitable, a unit or home should have: Working smoke alarms. Working hot water.
During the first year you live in a place, your landlord can charge no more than two months' rent as a security deposit. Second Year. After you have rented a place for more than one year, the landlord can charge no more than one month's rent as a security deposit.
During the first year you live in a place, your landlord can charge no more than two months' rent as a security deposit. Second Year. After you have rented a place for more than one year, the landlord can charge no more than one month's rent as a security deposit.
The landlord must refund the tenant's deposit if no deductions have been made within 30 days after the lease termination. Even if deductions have been made, the landlord must reimburse the lessee for the remainder of the security deposit within 30 days.
The following table is a quick summary of Pennsylvania's security deposit laws. There is no minimum. The maximum a landlord can require for a security deposit is two months' rent. For any subsequent years of renting, the landlord can't require more than one month's rent.