Florida Security Request Letter

Under the laws of Florida, landlords are allowed to collect security deposits from tenants but only to keep them in separate non-interest bearing accounts. The security deposit can however be put in an interest bearing account with the exception that the tenant be returned the deposit with the accrued interest. It is the duty of the landlord to also notify the tenant where the security deposit is held within 30 days, citing the name of the account and the bank or institution as well as the interest rate if it is in an interest bearing account. Failure to give you a notice within the time, the landlord forfeits the right to impose claims on the security deposit. The landlords are also allowed to post a surety bond on the interest amount or $50,000, whichever is less.

After the tenant moves out of the rental unit and surrenders the keys, the landlord should return the security deposit within 15 to 60 days. The security deposit can be used to cover unpaid rent, damages exceeding the normal wear and tear and cover any other expenses resulting from tenant’s violations of the lease agreement. After the tenant provides the landlord with their new address, they landlord has 30 days to respond to claims on deductions to which you should reply within 15 days. Other than this, all the security deposit and interests if any should be paid within the statutory time limits. Failure to object to the security deposit as required by the law, the tenant can seek justice from the court. Although you do not necessarily have to ask for the security deposit from the landlord, sending a request letter before settling the matter in court could ease things without any disputes. This HomeTitan “Request For Deposit Return Letter” clearly reminds the landlord to comply with the binding laws by returning the security deposit and avoid more damages in court. In most instances, a written request letter has proven to be all one needs to get their security deposit back.