5.Deposit and fees.The use and return of security deposits is a frequent source of friction between landlords and tenant.To avoid confusion and legal hassles,your lease or rental agreement should be clear on:
-the dollar amount of the security deposit (be sure you comply with any state laws setting maximum amounts)
-how you may use the deposit (for example,for damage repair)and how the tenant may not use it (such as applying it to last month's rent)
-when and how you will return the deposit and account for deductions after the tenant moves out,and
-any legal non-returnable fees,such as for cleaning or pets.
It's also a good idea (and legally required in a few states and cities)to include details on where the security deposit is being held and whether interest on the security deposit will be paid to the tenant.