Can I use my security deposit for last month's rent?

Full question:

I moved into my new house and I am not renewing my lease due to the fact I purchased a home. I paid a $600 security deposit that is due back if the house is in compliance; which it is. I will be moving into the house I am buying. Can I use the $600 and send them $250 to clear the August rent without being penalized?

  • Category: Landlord Tenant
  • Subcategory: Security Deposit
  • Date:
  • State: Alabama

Answer:

If your security deposit is labeled as "last month's rent" in your lease, you can apply it towards your final month's rent without issue. However, if it is not specifically designated for that purpose, you are still required to pay rent for the last thirty days of your tenancy, even if your deposit covers or exceeds one month's rent.

If you anticipate difficulties in getting your landlord to return your security deposit, you might choose to apply it to your last month's rent. In this case, consider writing a note explaining your situation, mentioning that you need the funds for moving expenses, and affirming your intention to leave the property in good condition. You could even offer to have the landlord inspect the property for any damage at that time.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

When your lease is not renewed, it means that your landlord has chosen not to extend your rental agreement beyond its current term. This can happen for various reasons, including the landlord's decision to sell the property or to lease it to someone else. As a tenant, you will need to vacate the property by the end of the lease term unless you negotiate a new agreement.