Explanatory Statement and Findings of the Rent Guidelines Board In Relation to 2011-12 Lease Increase Allowances for Apartments and Lofts under the Jurisdiction of the Rent Stabilization Law

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Explanatory Statement and Findings of the Rent Guidelines Board In Relation to 2011-12 Lease Increase Allowances for Apartments and Lofts under the Jurisdiction of the Rent Stabilization Law

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Th e landlord cannot automatically keep the deposit because the tenant breaches the lease. Th e landlord can only take compensation for damages caused by the tenant. If the lease contains a provision allowing the landlord to keep the deposit upon the tenant’s breach, whether that is a valid provision will have to be determined by the court. Florida law specifi es how your landlord may hold your deposit money. Th e landlord may place the deposit money in a separate non-interest-bearing account, but if the landlord puts the deposit in an interest-bearing account, then the landlord must pay you...

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