|
North Dakota SECURITY DEPOSITS
|
|
The landlord is
obligated to deposit the money in a federally
insured interest-bearing savings or passbook account.
All communications should be done via Certified
Mail, Return Receipt Requested.
|
|
LIMITS:
|
|
The North Dakota
Landlord can charge up to one month's rent. The
North Dakota Landlord can charge a PET DEPOSIT of up
to $1,500.
When you give the landlord a deposit,
be sure to get AND keep the receipt EVEN if you give
the landlord a check or money order. The amount you
give should also be on the lease. Verify the correct
is on the lease.
|
|
|
|
|
|
INTEREST ON SECURITY DEPOSIT
|
|
If the North Dakota Security Deposit is held for
more than NINE MONTHS, interest must be paid.
However, some cities
may have enacted their own laws with respect to
this.
|
|
RETURN OF THE SECURITY DEPOSIT
|
|
The Security Deposit must be returned within 30 days
of the tenant vacating the unit.
The tenant should provide the landlord the
landlord with address the security may be delivered
to.
Failure to do so may waive your rights to the
time requirements.
|
|
FAILURE TO RETURN THE SECURITY DEPOSIT
|
|
Notify the landlord, in writing, of their failure to
return the deposit.
|
|
If a tenant does not
receive the security deposit back, or is not
satisfied with the landlord’s list of deductions,
the tenant can go to Small Claims Court. This is a
relatively easy, inexpensive procedure. The landlord
will have to defend the amounts withheld. The Tenant
should be prepared as well to detail why the charges
are extreme or in error. The
court can award damages to the tenant up to three
times the amount withheld without reasonable
justification from the tenant’s security deposit.
This is called "treble damages." Treble
damages need to be requested when completing court
papers.
|
|
|
|
|
|
