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When should a deposit be refunded?

When your landlord holds your deposit (therefore protected in the Insured scheme), they should return your deposit within 10 days from the day you first request its return. However, its important to remember that tenants cannot ask for their deposit back before the tenancy has officially ended.

What is the Maryland law for security deposit return?

The landlord must return a tenants security deposit plus interest, less any damages rightfully withheld, within 45 days after the tenancy ends. If the landlord fails to do this without a good reason, you may sue for up to three times the withheld amount, plus reasonable attorneys fees.

When should a deposit be returned?

At the end of your tenancy Your landlord must return your deposit within 10 days of you both agreeing how much youll get back.

What is the rental deposit?

A rental deposit is an advance payment that a tenant must make to a landlord before moving into a rental house. Usually, the deposit is used as a tenants guarantee towards the landlord and the amount to be paid will be determined by the landlord based on several factors that will be explained below.

How do I ask for deposit back?

First off, make sure you read the fine print on your tenancy agreement. It will usually state whether the deposit is refundable or non-refundable. Also, serve notice in advance if you want to get your full refund back. If you can find another tenant to replace you when you move out, the better.

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