Can I get my security deposit back?
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Can I get my security deposit back?
I recently put a security deposit on an office for my business. I haven’t signed the contract yet. I have 30 days to move in. LL told me that SD is not refundable but it wasn’t indicated on the receipt nor the lease. 2 days later, I found an office for a better price, better leasing term and is only 2 miles from my home. I want to know if I am able to get my SD back to make a move on the better deal.
Asked on July 12, 2012 under Real Estate Law, Tennessee
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If you placed a security deposit for a commercial office space but have not signed a lease for the unit, then under the laws of all states in this country you are entitled to the return of this money. I would write the landlord demanding the return of your security deposit in full by a certain date.
If not received by that date, your option is small claims court.
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