I am moving to a new property and I was wondering if I can transfer my deposit monies from my current landlord to the new agent as without my old deposit I can not pay new on? Any advice would be great
You are dealing with two different landlords or property managers. Your former landlord or property manager have no business relationship with each other.
Your new landlord would want to have the necessary deposit on the day you sign your lease agreement. You would be required to find a means of having the required deposit prior to signing your lease agreement with your new landlord.
What you are proposing is not gonna happen. There will be an over lap of your old landlord returning your deposit.
Your former landlord would not want to release any of the deposit until it has been determined if there is damaged cause by you in your former rental.
I hope this has been of some benefit to you, good luck.
if this was property that was being sold the old owner would credit the new owner with the deposits he has on hand which the new owner is then responsible to return(or use) as tenants vacate
you are moving to a new place entirely most likely not related landlords
your deposit is not guaranteed to be intact when you vacate some of it may be used for damages
No. Your present landlord may need to use some of your deposit for cleaning
carpets and other damage.You would be given any remainder within 60 days.
Your new landlord requires the deposit and the rent to be paid when you
No. Two different landlords means two different deposits. And the law applies differently to each deposit. But this would be possible if you had the same landlord and just moved to a different property owned by the same landlord.
No a deposit is paid back to you normally within 30 days after you leave and once the landlord has checked to make sure you have not caused damage, which is what the deposit is used for. So if you need to find a deposit for a new landlord and you do not have savings enough to do so, you need to get some more work to earn it, sell some things you no longer use or speak to family/friends to see if you can lend some money short term and make sure you leave no damage and your old property is clean so you get your deposit back in full
NO it does not work that way. Your soon to be old landlord can only legally give the deposit to the person that paid it. It would be illegal for them to give it to any 3rd party. Also you do not get the deposit back the day you move out. They have 14-45 days to return it depending on state.
that would be up to your new landlord. keep in mind that there is a time frame involved when it comes to your old landlord refunding your deposit, or portions of your deposit.
No. The two landlords are not in contract with each other. Your current landlord has a contract with you and fulfilling that contract means returning it to you, or any unused portion. Don't ask the landlord to break the law. He won't do it. You need to pay the new landlord yourself.
of course not. 1st of all you are assuming you are getting the deposit back..the landlord may deduct fees for repairs…and even if you get the full deposit back, you don't get it back until after you move out.
the fact that you don't even have a few thousand in savings indicate you are living well beyond your means. you need to drastically cut down on spending..cheaper apartment/roommate, clothes only from thrift stores..heck I just needed a new TV…I got one for $1.50 at the thrift store. Sure it is more than 10 years old, but works great. The TV i had before that cost me $5 and lasted well over 5 years….no new phone until the one you have doesn't work (and then a cheaper model).
you have a history of making poor choices…trying to get prego at 22 with a partner (not a spouse)…before you have the means to support a kid on your own if need be…that is a sign of mental instability.