Summary
In Florida, a new property management company cannot demand an additional security deposit if one has already been paid. If a surety bond was used, it should still be effective unless expired. If the bond expired, it should have been addressed during lease renewal. A lease agreement cannot be altered without both parties consent. If the new management did not mention a new deposit at lease renewal, they generally cannot demand one now. Consider consulting with a local tenant rights attorney for personalized advice.Full Conversation
Tenant rights question
Hello ****, could you please specify the issue you're facing as a tenant and also provide your location? This will help me give you the most accurate information.
I have a new property mgmt company, asking for new security deposit even though I've been a tenant for 4plus yrs
Hello ****, it's essential to know your location for accurate information. Generally, a new management company cannot ask for an additional security deposit if you've already paid one. Your previous deposit should have been transferred to them. However, laws vary by location.
I went through a surety bond company
Hello ****, it would be helpful to know your location. In general, if you used a surety bond for your security deposit, the bond should still be effective under the new management. They shouldn't request an additional deposit. However, regulations differ by state.
I'm in lake county florida
Hello ****, in Florida:
- A new property management company cannot ask for an additional security deposit if you've already paid one.
- If a surety bond was used, it should still be effective with the new management.
- If they insist, consider seeking legal advice.
They are insisting that it was expired not sure how that works
Hello ****, in Florida:
- Surety bonds have a set term, usually coinciding with your lease term.
- If expired, it may need to be renewed or replaced.
- If the bond's expiration isn't due to its term, you may want to contact the surety bond company for clarification.
They are starting that bc they are now the mgmt company now that it expired with the previous, however last year when i signed a new lease with them they didn't mention anything about a deposit
Hello ****, in Florida:
- If you signed a new lease without mention of a deposit, they generally cannot demand one later.
- If the bond expired, they should have addressed it during lease renewal.
- If not, it may be a breach of contract. Consider legal advice.
I didn't think what they are asking me was legal
Hello ****, you're correct in your suspicion. In Florida:
- A lease agreement cannot be altered without both parties' consent.
- If they didn't mention a new deposit at lease renewal, they generally cannot demand one now.
- Consider consulting with a local tenant rights attorney.
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