(Disagreement about Security Deposit - Residential) 2025

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The Deposit Rule, Ohio Administrative Code Section 109:4-3-07, says if a seller accepts a deposit for unique (one-of-a-kind) goods or services, then the seller may not offer those goods or services to anyone else within a specific amount of time.
For example, you can offer to pay a higher monthly rent, sign a longer lease, provide references or proof of income, or purchase a renters insurance policy that covers damages and liability. These options can help you reduce the initial cost of moving in while still demonstrating your reliability and commitment.
I was also paid up in my rent and I gave you my new address. Under California law, you had 21 days after I vacated the apartment to return my security deposit. As of today, I have received neither my $1,500 security deposit nor any accounting from you for that money. You are now over a week late returning my deposit.
While a standard deposit is typically around 10% - 20% of the purchase price, you might be able to negotiate a lower deposit if youre not able to provide the full amount or if you are awaiting the sale of your current home.
If a prospective tenant has an excellent credit history and employment showing the ability to make the monthly payments without issue, he or she may be able to negotiate the security deposit for a lesser fee.
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Paying a tenancy deposit Your landlord or letting agent can only keep money from your deposit if theres a problem, for example if you damage something or dont pay your rent. Check if your landlord can keep money from your deposit. Your tenancy deposit usually cant be more than 5 weeks rent.
Financial Burden: The upfront cost of a security deposit, especially for higher-end properties, can be a significant financial burden for tenants, particularly those on a tight budget. Reduced Liquidity: Having a significant amount of money tied up in a security deposit can reduce a tenants financial liquidity.

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