How to Take a Security Deposit

Security deposits are one of the primary liabilities for Massachusetts landlords. If you make a paperwork mistake, you might owe your renter three times the amount of the deposit plus attorney's fees. And what a lot of paperwork there is! First receipt, second receipt, annual receipt, conditions statement, withholding receipt, signed under the pains and penalties of perjury... Should you even bother?

Well yes, you can successfully take a security deposit.

Let us show you how!

We review the law, the forms you need, and some concrete examples where landlords have made mistakes and paid for renter damage themselves.

 

You'll be ready to take a fully compliant security deposit after this training.

 

This security deposit statement cost the landlord loads. We'll show you why.

 

Slides, Past Video and Training Material

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MassLandlords is a nonprofit dedicated to helping owners rent their property. Presenters are not necessarily vetted by MassLandlords. Although we try to offer the best possible advice, we recommend you consult an attorney or tax accountant before you alter your business processes.

 

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This is part of our Statewide Rental Real Estate Networking and Training series.

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