What the fuck is a "non-refundable security deposit". Isn't the point of a security deposit that it's refundable. If it isn't given back then isn't that just a bribe
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Replying to @Nymphomachy
What makes it a non refundable deposit is that it is applied to your final bill if you actually complete the transaction, but is forfeited if you do not.
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Replying to @lawnerdbarak @Nymphomachy
Nah I mean maybe that's what it should mean but a lot of people use "non-refundable deposit" to just straight up mean an extra fee you pay
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If you go on landlord forums they openly talk about this as a way to squeeze tenants a little more and increase profit in high turnover markets, even though they try to frame it as compensating them for inevitable cleaning costs
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Replying to @arthur_affect @Nymphomachy
My bad, didn’t know we were talking about a rental contest. A “non refundable deposit” is just a fee, but the law in the jurisdiction might make such a thing illegal. (Eg there are often rules about having to hold tenant security deposits in segregated interest bearing accts)
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It really depends a lot on what state you're in
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