Puerto Rico Addendum To Apartment Lease regarding Security Deposit

State:
Multi-State
Control #:
US-895LT
Format:
Word; 
Rich Text
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Addendum to apartment lease concerning security deposit.

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FAQ

Legislation. There is no Landlord and Tenant Law in Puerto Rico.

If you signed a lease and gave the landlord a security deposit, you may be able to get your deposit back if you never moved in. But you can only get it back if you find another tenant acceptable to the landlord or the landlord finds a replacement tenant who moves into the unit before the lease starts.

With that said, the lease does not terminate immediately. Once the notice is delivered, the earliest the lease can terminate is 30 days after the beginning of the next rent period.

You should not pay your deposit before you have read and understood the terms of the tenancy agreement and it has been signed. Your landlord should not ask you to do so before.

Puerto Rico does not allow a landlord to evict a tenant without the court process such as serving a notice in some cases and by filing a summons and complaint.

Nonrefundable fees must be identified as such in a written rental agreement. If landlords fail to provide a written agreement, tenants are entitled to the return of the fee. If the written agreement does not specify that the fee is refundable, it must be treated as a refundable deposit.

You'II usually have to pay your first month's rent in advance and a tenancy deposit. If you rent from a letting agent they'll usually ask you to pay a holding deposit. Ask about all payments before taking a property so you don't have to deal with any unexpected costs.

Landlord Friendly-States ClassificationGeorgia.Arizona.Texas.West Virginia.Florida.North Carolina.Kentucky.Louisiana. The large rental market of this state gives plenty of options for landlords trying to find good tenants that pay their rent on time and take care of the properties you provide for them.More items...

Getting the security deposit backYour landlord must return your deposit within 31 days after the termination of the tenancy and the delivery of the rental unit to the landlord. (Note that both conditions must be satisfied before the 31-day clock starts ticking).

How to Make a Letter of Promissory Note for a RentalMeet with your tenant to write the promissory note for the past due rent.Write both of your full names in the beginning of the promissory note.Specify a due date for the rent.More items...

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Puerto Rico Addendum To Apartment Lease regarding Security Deposit