Direct deposit sign up form social security, Lanlord or tenant Law isn’t among my general areas of practice, but like every attorney, I have friends who frequently ask my advice about legal problems with which they’re faced. Recently, a friend asked for my help in corresponding with her former landlord seeing fees taken from her rental safety deposit she believed were unwarranted.
It’s common to find people disinterested in lieu of Deposits or CDs. Most individuals don’t realize that there’re several investment choices that fall between the range of savings account and stock market. Such options often provide guaranteed returns on investment and also don’t require a large capital . Certificates of Deposits are among these investments. Certificates of deposit are savings deposit accounts of particular type in which a promissory note is issued from the bank. Technically they’re not investment accounts, but still they provide interest rates higher than the normal savings account. It is going to be better to call these notes”timed deposits” which have the limitation of not withdrawing the money before maturity. Interest earned is returned to the certification holder on maturity of CD. Interest may be compounded daily, monthly or annually depending on the kind of CD that you choose.
As landlord / tenant issues are among the most common legal questions I receive from friends, I’d love to discuss rights and responsibilities concerning security deposits in this post. In the end I shall include a sample letter you can send to a landlord for return of your deposit. Please note all info in this post is specific to California law. The laws of your state or jurisdiction may differ. Many states provide renter’s handbooks that would consist of important laws, or you need to contact a lawyer licensed in your jurisdiction for assistance.
Where the landlord fails to register the bond there are penalties. The landlord can have to pay the tenant a sum three times more than the deposit; or they may be required to pay back all lease and a punishment or the landlord may eliminate the right to evict the tenant from the home the decision on the penalty is accepted by the court. Some landlords say they don’t take deposits they just ask the tenant to pay two months rent in advance. If the tenant pays rent monthly and the landlord always has a float of one month’s rent this is just like taking a deposit and the rules concerning failure to enroll a deposit will apply.