The Trainer

March 6, 2012
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ITEMIZING DEDUCTIONS FROM SECURITY DEPOSITS; COMPLYING WITH NEW HUD REGS

In this month's feature, we discussed how to withhold all or part of a security deposit to repair damage caused by the departing resident. If you don't itemize your deductions from the security deposit properly, HUD or a court may find that you wrongfully withheld money, and charge you penalties and interest.

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