- In Marylander, the security deposit that you place on an apartment cannot be more than the equivalent of two months' rent or a flat fee of fifty dollars. A security deposit is an advance payment that will be returned if the individual fulfills the contractual agreement. For example, an individual may not get his or her security deposit back if he damages the apartment in a significant way. In Maryland, you must also be given a receipt for the deposit, and this is often included in your lease. If your landlord does not provide you with a receipt, he can be fined. Additionally, you must be informed of your right to be present at the inspection of the apartment when you are moving out. This act of informing you must be in writing.
Rentals and Foreclosures
- Renters also have rights if they are renting properties that are about to be foreclosed. According to Maryland laws, renters must be given ninety days notice of when they have to leave the property by the buyer who is taking possession of the foreclosed property. The law further specifies that renters with leases can stay longer than these ninety days. This applies to renters with remaining time on their leases.
- The landlords in Maryland also must inform their tenants that the tenant has possession of the property at the beginning of the lease term. If the landlord does not specify this to the tenant, then the tenant does not owe rent until he can take possession of the property. Additionally, the tenant can collect consequential damages that he may have suffered after not being allowed to take possession of the apartment. However, the tenant must try to minimize these damages.