A security deposit is a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear." Everyday usage is normal wear and tear, but excess damage is a debated definition. A security deposit is not the same as rent. It is money that actually belongs to the tenant but is held by the landlord for tenant-caused damages and sometimes past-due rent. Without the agreement of the landlord, a security deposit may not legally be used as the last month's rent.
Laws vary by state, but some states place a limit on the amount of a security deposit that a landlord may charge. Some states also regulate where residential security deposits must be kept and when interest payments on the security deposits must be made to the tenant. State laws also define the time period after the tenant vacates within which the deposit must be returned to the tenant. Title: Manchester, New Hampshire: Sample Letter from Landlord to Tenant Returning Security Deposit Less Deductions Introduction: In Manchester, New Hampshire, landlords are obliged to return tenants' security deposits within a specific time frame after the termination of a lease. This letter serves as a guide for landlords, providing a detailed description of the process of returning the security deposit to tenants while deducting any permissible amounts. Below, you will find a comprehensive template that can be used in various situations, including: 1. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Cleaning Fees" 2. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Damages" 3. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Unpaid Rent" 4. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Utility Charges" --- [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Re: Return of Security Deposit — [Rental Property Address] Dear [Tenant's Name], I hope this letter finds you well. As per the terms of your lease agreement for the aforementioned property, I am pleased to inform you that the process of returning your security deposit has been initiated. After a thorough inspection of the property, we have determined the deductions that are eligible as outlined in your lease agreement. 1. Deductions for Cleaning Fees (if applicable): Upon inspection, we found that the property required professional cleaning beyond normal wear and tear. Therefore, we have deducted [ex] from your security deposit to cover the cleaning expenses incurred. 2. Deductions for Damages (if applicable): During the inspection, we discovered some damages beyond reasonable wear and tear. As such, we have deducted [ex] from your security deposit to cover the necessary repairs and replacements. 3. Deductions for Unpaid Rent (if applicable): According to our records, you have an outstanding balance of [ex] in unpaid rent. Therefore, we have deducted this amount from your security deposit to settle the arrears. 4. Deductions for Utility Charges (if applicable): As stated in the lease agreement, the tenant is responsible for unpaid utility charges. After reviewing the billing statements, we found that an amount of [ex] remains outstanding. Consequently, we have deducted this amount from your security deposit to fulfill your financial liability. Please note that the aforementioned deductions total [ex]. Enclosed with this letter, you will find a detailed itemization of the deductions explaining each charge applicable to your security deposit. Additionally, I am enclosing a check for the remaining balance of your security deposit, which amounts to [ex]. We kindly ask that you promptly cash or deposit the check. Should you have any questions or concerns about the deductions, please contact us within the next 10 business days. After this period, the deductions will be considered as final. Thank you for your cooperation throughout your tenancy, and we wish you the best in your future endeavors. Please keep this letter for your records. Sincerely, [Your Name] [Your Title/Position] [Property Management Company] [Email Address] [Phone Number]
Title: Manchester, New Hampshire: Sample Letter from Landlord to Tenant Returning Security Deposit Less Deductions Introduction: In Manchester, New Hampshire, landlords are obliged to return tenants' security deposits within a specific time frame after the termination of a lease. This letter serves as a guide for landlords, providing a detailed description of the process of returning the security deposit to tenants while deducting any permissible amounts. Below, you will find a comprehensive template that can be used in various situations, including: 1. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Cleaning Fees" 2. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Damages" 3. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Unpaid Rent" 4. "Manchester, New Hampshire Letter from Landlord to Tenant Returning Security Deposit Less Utility Charges" --- [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Re: Return of Security Deposit — [Rental Property Address] Dear [Tenant's Name], I hope this letter finds you well. As per the terms of your lease agreement for the aforementioned property, I am pleased to inform you that the process of returning your security deposit has been initiated. After a thorough inspection of the property, we have determined the deductions that are eligible as outlined in your lease agreement. 1. Deductions for Cleaning Fees (if applicable): Upon inspection, we found that the property required professional cleaning beyond normal wear and tear. Therefore, we have deducted [ex] from your security deposit to cover the cleaning expenses incurred. 2. Deductions for Damages (if applicable): During the inspection, we discovered some damages beyond reasonable wear and tear. As such, we have deducted [ex] from your security deposit to cover the necessary repairs and replacements. 3. Deductions for Unpaid Rent (if applicable): According to our records, you have an outstanding balance of [ex] in unpaid rent. Therefore, we have deducted this amount from your security deposit to settle the arrears. 4. Deductions for Utility Charges (if applicable): As stated in the lease agreement, the tenant is responsible for unpaid utility charges. After reviewing the billing statements, we found that an amount of [ex] remains outstanding. Consequently, we have deducted this amount from your security deposit to fulfill your financial liability. Please note that the aforementioned deductions total [ex]. Enclosed with this letter, you will find a detailed itemization of the deductions explaining each charge applicable to your security deposit. Additionally, I am enclosing a check for the remaining balance of your security deposit, which amounts to [ex]. We kindly ask that you promptly cash or deposit the check. Should you have any questions or concerns about the deductions, please contact us within the next 10 business days. After this period, the deductions will be considered as final. Thank you for your cooperation throughout your tenancy, and we wish you the best in your future endeavors. Please keep this letter for your records. Sincerely, [Your Name] [Your Title/Position] [Property Management Company] [Email Address] [Phone Number]
