Security Deposits –
A security deposit in the amount of Two Hundred Fifty Dollars ($250.00) is required for each person on the lease for off campus housing. Security deposits in the amount of the equal to one month's rent are due for residential properties. Security deposits are due upon signature of lease. Security deposits must be made in the form of cash, money order, or check and must be made payable to: A2Z Property Services, Inc. Due to a waiting list a spot can not be secured without a security deposit. If you are renting for an extended period, your security deposit may roll over pending no damage, repairs, or cleaning due to your negligence. Should damage occur and repairs be made the security deposit will be adjusted accordingly to reflect the amount owed and if there is a remaining balance it will be returned or rolled over to the next semester. The full security deposit must be reestablished by August 15th or December 15th (depending on the term). If the security deposit is not re-established the space may be reserved for another tenant.
Please note that your security deposit will not be reduced for charges throughout your tenancy. Your security deposit can only be adjusted when you actually vacate the property and your lease term has expired. If there are invoices that are sent to you during your tenancy you are responsible for those bills when they are due.
Security deposits may be reduced to include but are not limited to the following:
1) Any rent due and owing
2) Any outstanding invoices
3) Any damages to the premise
4) Any cleaning
Please note that if there is more than one person on your lease agreement; you are all equally responsible for any fees assessed to your tenancy and security deposits will be reduced equally among the total number of tenants. If there is one person responsible for any particular charges it is the responsibility of the tenant to seek that amount from the individual.
Pursuant to Maryland law, Lessee is advised of the following rights: Upon written request made within 15 days of Lessee's occupancy of the subject premises, Lessor shall promptly provide Lessee with a written list of all existing damages. This security deposit, or any portion thereof, may be withheld for unpaid rent, damage due to breach of lease or for damage to the leased premises by the Lessee, his/her family, agents, employees, or social guests in excess of ordinary wear and tear. The tenant has the right to be present when the landlord or his/her agent inspects the premises in order to determine if any damage was done to the premises, if the tenant notifies the landlord by certified mail of his intention to move, the date of moving, and his/her new address. The notice to be furnished by the tenant to the landlord shall be mailed at least 15 days prior to the date of moving upon receipt of the notice. The date of the inspection shall occur within five (5) days before or five (5) days after the date of moving as designated in the tenant's notice.