Businesswire recently reported on an NYU Furman Center/Capital One National Affordable Rental Housing Landscape study that rents are outpacing inflation in many major cities. South Florida is undergoing a renaissance in the housing market; however, it seems that rising prices of homes have forced more people into renting. Renters are becoming the majority in many urban centers, and at the top of that list is Miami, Florida. According to the research, in 2013, the percentage of the population in the Miami metro area that rented was 65%, a single percentage point greater than New York City and almost 20% more than cities like Philadelphia. On top of this disproportionate amount of people renting and not owning, rents are increasing faster than incomes that support these rents.
The Study confirms that Miami is becoming one of the least affordable U.S. metro areas. The problem is not only is rent rising but the amount of security deposit required by landlords are also going up. At Palmetto Law Group, we have consistently stated that no amount should be withheld from a security deposit without proper documentation and notice. This issue is particularly sensitive when a security deposit is in the thousands.
Have you or someone you know been unable to get their security deposit returned after vacating a home, condominium or apartment? Has your landlord imposed deductions on your security deposit that are not valid, excessive in cost or normal wear and tear? You, as a tenant in Florida, have recourse. Do not allow your landlord to keep money that is legally not theirs to keep. Contact us at Palmetto Law Group today in order to explore your options and rights as a Florida tenant. Do not allow your landlord to keep money that is not legally theirs.
You can also read on our blog other useful information on Security Deposits in Florida, FCCPA violations and retaliatory conduct by a landlord among other things. We service most cities and counties in Florida so please contact us today toll free at 1-855-529-7256, or simply reach out to us through our online portal.
