Security Deposit Deductions: What's Legal and What's Not
Security deposits can be a win-win when they’re handled correctly. After all, they protect the property while allowing tenants to get their money back, as long as they treat the property well. That said, it’s essential for both landlords and tenants to understand what constitutes normal wear and tear versus damage. Today, we’ll discuss the importance of a deposit, legal security deposit deductions, and costs you can’t charge.
The Purpose of a Security Deposit
Security deposits are a crucial part of the rental process. Many Austin, Texas, property management companies charge a security deposit, in addition to the first month’s rent, when a tenant first moves into a rental property. This protects against things like unpaid rent, lease violations, and damage beyond normal wear and tear.
If the tenant takes good care of the property, pays their rent, and causes no excessive damage, they can ...



