Many Renters Don’t Get Security Deposits Back.
26% of renters don’t get their security deposits back when they move out, a Rent.com survey of 1,000 renters found. Landlords cite the biggest reason for withholding security deposits was tenants who moved out too early. And renters agree: 44% between the ages of 18 and 24 said that’s why they didn’t get their security deposit returned. Other reasons are pet damage: 9% of women and 3% of men lost their security deposits that way. But over a third of the survey respondents said they weren’t told why their security deposits were being withheld! This is another reason to buy and not rent – don’t throw your money away!