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The landlord has three (3) banking days to provide that list to the tenant.ĥ. When the tenant moves out, the landlord is required to provide a written list of any damages and their estimated cost, and may deduct that amount from the security deposit. That is true, UNLESS there are DAMAGES caused by the tenant or his guests that are beyond normal wear and tear.Ĥ.
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Assuming the tenant pays his rent, all of the security deposit is to be returned at the end of the lease. The law says that the MOVE IN INSPECTION FORM becomes the definitive list of existing damages once landlord and tenant agree on the condition at move-in.ģ. The tenant is required to sign that form, or, if he disagrees with the list of damages, provide a written statement of the items HE feels are already damaged.Ģ. Prior to the acceptance of a security deposit, the landlord is required to give the tenant a written statement called a MOVE IN INSPECTION FORM, detailing any existing damage to the dwelling. And as long as both landlord and tenant follow the requirements of the law, the system usually works very well.
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Georgia law deals very clearly with rental security deposits. Is that the way it works?Ī: Well, that’s not the way it’s SUPPOSED to work. Q: Well, if the landlord is holding the security deposit, it seems like he pretty much gets to decide what amount to keep and what amount to return. Most often, if there’s going to be a dispute, this is where it happens - over WHAT constitutes NORMAL WEAR and TEAR versus WHAT is DAMAGE. That means that if the tenant doesn’t pay the rent when it is due, the landlord can take it our of the security deposit.Ī: In addition, at the end of the lease, the tenant agrees to return the dwelling in the same condition it is on the day they move in, except for normal wear and tear. In Georgia, the security deposit is paid by a tenant to a landlord to secure the tenant’s performance under the terms of the lease.