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Forum / General Property Management / Damage Deposit vs Security Deposit

Does anyone know if is is legal to collect a damage deposit in addition to a security deposit....I am new to this. I am in Ohio

Terry B, OH on Monday, November 23, 2009

RE: Damage Deposit vs Security Deposit

I'm in iowa. As far as our leases go, a security deposit is to cover damage, upon move out. Not past due rent. I have had to remind tenants in the past about this when making repairs to damages at properties. So I think what your refering to is one in the same. Also, since your new at this; Do not wait until the tenant moves out to fix stuff that they damage. Security deposits can go very quickly. Fix the damnage they cause and bill them for the charges.

Posted by Amanda H, IA on Monday, November 30, 2009

RE: Damage Deposit vs Security Deposit

THank you very much!

Posted by Terry B, OH on Tuesday, December 1, 2009

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