Property Manager – West Hills – Rent Deposit

Question: My wife and I moved out of a house that we were renting. We gave the owner a proper 30-day written notice. It has now been more than 30 days since we vacated and turned over the keys to the owner. We knew that we were supposed to receive the refund of our security deposit within 21 days after we vacated, so we recently contacted the owner. He apologized and said he hadn’t returned our deposit because he had lost our forwarding address. Is this an acceptable excuse for ignoring the 21-day rule?

Question: I have lived in my apartment for six years. Just recently, a friend told me that I should have been receiving interest on the $2,000 security deposit I paid when I first moved in. Over all these years, the interest should have added up to a lot of money. Am I too late to sue for the unpaid interest? Answer: If you have a written rental agreement, the good news is that you have four years to file a case in Small Claims Court or any other court for money owed as a result of your security deposit, for example, failure to refund it. If you have an oral agreement, even if there aren’t many details other than the amount of rent and the amount of the security deposit, you have two years to file a case.

From:http://articles.latimes.com/