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<div dir="auto">Where have you seen these fees disclosed? When the claim on the deposit is imposed? In the terms of the lease? I have never seen this.<br>
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<div class="gmail_quote">On Oct 26, 2019 12:22 PM, Leonard Cabral <LensLaw@Lenslaw.com> wrote:<br type="attribution">
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<div>I am now seeing a fee for handling the security deposit. Any thoughts about the legitimately of that fee?
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<div dir="ltr">Sent by Leonard P Cabral </div>
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<blockquote type="cite">On Oct 25, 2019, at 10:59 AM, Harry Heist <harry@evict.com> wrote:<br>
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<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">It seems like each day property managers are coming up with fees that I believe will eventually cause a problem and be class action material.
</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">They are spreading as these managers are on all of these Facebook groups, someone says they are doing it and then everyone thinks it is OK.</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">The latest one I have been seeing is a “Risk Mitigation Fee”.</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">This is a nonrefundable fee that the higher risk tenant (bad credit, bankruptcy, eviction etc) is being asked to pay as part of being approved.</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">Often this “fee” is being kept by the property manager, split with the owner or given to the owner. More often than not, kept by the property manager.</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">Does anyone have any info on the legality of this?</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">In the money lending world, creditors are free to charge a higher interest rate to a higher risk person but this now????</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D">Harry</span></p>
<p class="MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<div>
<p class="MsoNormal"><b><span style="font-family:"Arial","sans-serif"; color:#1F497D">LAW OFFICES OF
<br>
HEIST, WEISSE & WOLK P.A.<br>
PH: 1 800 253 8428<br>
FAX: 1 800 367 9038<br>
"Serving the Property Management Professional"<br>
Website: </span></b><span style="color:#1F497D"><a href="http://www.evict.com/"><b><span style="font-family:"Arial","sans-serif"">www.evict.com</span></b></a></span><b><span style="font-family:"Arial","sans-serif"; color:#1F497D">
<br>
Email: </span></b><span style="color:#1F497D"><a href="mailto:harry@evict.com"><b><span style="font-family:"Arial","sans-serif"">harry@evict.com</span></b></a></span><b><span style="font-family:"Arial","sans-serif"; color:#1F497D"></span></b></p>
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</span></b><b><span style="font-size:10.0pt; font-family:"Arial","sans-serif"; color:#1F497D">Visit us on Facebook</span></b><span style="font-size:10.0pt; font-family:"Times New Roman","serif"; color:#1F497D"></span></p>
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