Security Deposit not returned 500 Sterling
Started by lpalese_1501121
over 10 years ago
Posts: 0
Member since: Aug 2014
Discussion about
I'm wondering if anyone else has had difficulty receiving their security deposit back from MGT Management, the company that runs 500 Sterling Place. I had an absolutely horrible experience living at 500 Sterling and moved out after only 6 months. It's now been 3 months since I left and I still haven't received my security deposit back.
If you broke your lease rather than terminating with the landlord's consent, not only are you not going to get your security deposit back, you may be taken to court to pay the remainder of the rent due under the lease. If you sub-leased the place, you aren't getting your deposit back until your tenant moves out and you return the apt to your landlord.
I believe that if the apt. is rented regardless of who finds the tenant, the person walking away from the lease is not responsible for the remaining rent. One cannot double dip. If the landlord found a tenant depending on when will determine how much security deposit should be returned, but it doesn't look good.
Landlords are allotted a "reasonable" amount of time to return security deposits. Normally reasonable is assumed to be 30-60 days but there's no hard written rule defining this term. The landlord can also withhold the entire or portion of security deposit as reimbursement for cost of repairs beyond normal wear and tear, tenant damages, or reimbursement for unpaid rent. So it really depends on how you left it with the landlord after 6 months. Did you find landlord a replacement tenant and have them sign a new lease, did you sublease, did you simply break the lease and vacate the apartment? More information is needed to answer your question
OP, have you worked with "Tiffany Kwon" to seek restitution?
That's a good one , gotham