What does my lease say about security deposits?

(b) Resident agrees to pay Management

 as a Security Deposit for fulfillment of Resident’s obligations under the terms of this Lease. Security Deposit must be paid in certified funds at time of move-in inspection. The Security Deposit only will be returned without interest within one (1) month after the termination of this Lease, or the surrender and acceptance of the Premises, unless retained by Management for such causes as provided in this Agreement. 

(c) Resident acknowledges and agrees that said Security Deposit may be placed in an interest bearing account and that Management will retain the interest earned on said deposit. The Security Deposit shall be deposited and held in an Escrow Account with ENTERPRISE BANK which may change from time to time with 60-days written notice to Resident.

(d) Management may use, apply or retain all or part of the Security Deposit to the extent required for the payment of any sum which Resident owes to Management herein, or for any sum which Management (or the owner) may expend for actual damages (normal wear and tear excepted) arising out of or related to Resident’s abandonment of the Premises or default in respect to any of the terms or provisions of the Lease, (provided that Management attempts to mitigate said actual damages), and including, but not limited to any repair, replacement, carpet cleaning, cleaning or painting of the Premises rendered necessary or desirable by reason of the negligence, carelessness, accident or abuse by Resident or the invitees, guests, or members of Resident’s household beyond ordinary wear and tear, or to pay (or apply against) any other amounts owed by Residents to Management as permitted by law.

(e) The application of the Security Deposit shall at all times be at the sole discretion of Management in accordance with this Lease and Georgia Law. The appropriation of all or part of this Security Deposit shall not be an exclusive remedy for Management, but shall be cumulative and in addition to all other remedies of Management at law or under this Lease.

(f) Not withstanding the above, if there is a bona fide dispute over the Security Deposit, Management may, upon notice to all parties having interest in the security deposit, interplead the funds into a court of competent jurisdiction. Resident agrees to indemnify and hold Management harmless from and against all claims, suits and damages arising out of or related to the actions by Management of its duties hereunder.  This Security Deposit may not be applied by Resident to rent under any circumstances.  

(g) Re-Key Fee is paid by Tenant upon Tenant vacating: $75.00

(h) Failure to have utilities remain connected for walk through inspection , to be completed within 3 days of move out, will result in $150.00 fee. 

(i) Trash, Furniture, and Personal Items are not to be left at the end of the street. Should these items be left, All 3 Realty will have a charge against the deposit to have them removed. 

(j) Carpets are to be cleaned professionally. Resident agrees to send a copy of a receipt from the carpet service to All 3 Realty.  The service is to not exceed one month prior to moveout. Should service not be completed prior to move out, up to $300 fee will be deducted from the deposit for All 3 Realty to setup this service after the moveout.