why does this seem wrong?

[Imran Siddiqui]

Originally posted by KrazyHorse
I like listening to people who claim to believe in the free market complain about whether or not a contract they signed is "fair".

It makes me chuckle.

It'd be funnier if Berz did it, though I think he's too principled to make such a mistake .

[MRT144]

Originally posted by KrazyHorse
I like listening to people who claim to believe in the free market complain about whether or not a contract they signed is "fair".

It makes me chuckle.

at least she isnt like me who said that "the government is a market force".

[Tuberski]

There isn't a complaint about the contract, it was a simple question. I like the people that use a simple question for the opportunity to troll.

That makes me laugh, it makes you look like a fool.



ACK!

[MRT144]

but we already admit to being fools tubes!

[Mrs. Tuberski]

there is no specific rules in our state. I agree that in some instance the interest can be low but im not so sure that these home owners put them in regular low interst accounts. I think my general gripe is that the deposit is mine and that the interest that is earned on the money i gave them will not be applied to any damages they may assume i could have caused. There is normal wear and tear on a rental that souldnt be charged as damages and those include carpet staining fading of the paint etc. But regaradless if the interest is 100 dollars a year or 50 i still think that since it was my money to begin with, i should have all that applied to my depoist, that i would get back minus damages

[MRT144]

why is the deposit yours? youve given them the money in lieu of damages incurred over the life of the rental.

[Mrs. Tuberski]

You have to understand that in our state the deposit there is no mention of it in out leases as we rent, besides the fact that we have to pay it. It is basicly hearsay that i know the home owners put the money in an account to gain interest. I have heard this over and over every time i have rented. Was interested in the fact if this poilcy is world wide or restricted and if anything can be done about it.

[Tuberski]

Originally posted by MRT144
why is the deposit yours? youve given them the money in lieu of damages incurred over the life of the rental.

But until the point we cause damages, it's not their money.

ACK!

[Mrs. Tuberski]

Well for one i havent moved in the house as of yet, my check is already cleared my bank. The owner is right to assume i am gonna damage his house how?? Not to mention they do a thorough background clearance on ur rental history is why i say the money is mine

[Flubber]

850 times say 5% is $42.50 a year

Its a small sum but if your legislation or your contract says you should get it . .. . well you should.

If it is silent, the landlord retaining this money does not seem wrong at all to me

[Mrs. Tuberski]

I guess your right in a sense flubber that if the landlord goes to a higher risk account and loses money he cant deduct from money i have already given him. I think my problem is if he wins and earns more then that off my deposit that we get no credit what so ever and he can still choose to keep my depoist unless i can prove i havent done any damage in court.

[MRT144]

yeah, but also the costs of repair and fixing things up is changed by interest itself. so the cost of repairing a bathtub you and tubes broke while having sex in it (in theory) will cost more to fix than when you initially paid the deposit. The interest is a hedge against inflation.

i just dont get why you think it's "your" money without a document saying so. is it in his possession? is he going to spend it without your consent for repairs? you paid insurance on yourself while living there.

[Ben Kenobi]

I have had some luck negotiating with a landlord. I got one to waive the damage deposit in exchange for yardwork that needed to be done.

I think Zkribbler has the right idea here. There are many things you can negotiate with him if you really want this interest to come back. It helps when he feels you are going to be a reliable renter and that you will be able to keep the place in good condition, that is a huge plus for him.

He cares more about that rent every month and the condition of the property, then about the interest. Would you be able to get a credit from him if you choose to buy the property for the rent that you have already paid? If you are thinking of buying the place, then that's something you might want to consider.

[KrazyHorse]

Originally posted by Mrs. Tuberski
there is no specific rules in our state

Then there's no obligation for the landlord to give you any interest on your deposit.

[Ben Kenobi]

i just dont get why you think it's "your" money without a document saying so. is it in his possession? is he going to spend it without your consent for repairs? you paid insurance on yourself while living there

It's like collateral on a loan. He can't just walk off with it while you are making the payments. It's insurance for him that you are going to pay, but the collateral you put up is still just as much your property as when you started the loan.

You would still be able to drive your car if you used your car as collateral, you would just get it taken away if you failed to make the payments on time.