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Living through Security Deposit ?

  
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Living through Security Deposit ?

Postby fychan97 » Mon Oct 31, 2011 3:52 pm

My current rental lease expires at the end of November and I'm currently in the process of purchasing a home and should closed on or about November 2.

Can I living on my security deposit instead of paying rent ? I live in New York City in case there are different laws per state.

Thanks.
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Living through Security Deposit ?

Postby aenedleah10 » Mon Oct 31, 2011 3:54 pm

Most leases expressly prohibt using the security deposit as rent. Can they evict you and sue you? Absolutely. Even though you have already vacated you could have a lawsuit and judgement on your credit. It isn't worth it.
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Living through Security Deposit ?

Postby dodya » Mon Oct 31, 2011 3:58 pm

It is not customary to reduce daily amounts by using a security deposit. If your landlord likes you that may be ok - but its not usually done.
Explain to your landlord you expected day/date of vacation and perhaps you can work something out.
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