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If it’s in the lease it’s in the lease </div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> landten-bounces@lists.flabarrpptl.org <landten-bounces@lists.flabarrpptl.org> on behalf of Leonard Cabral <LensLaw@Lenslaw.com><br>
<b>Sent:</b> Saturday, October 26, 2019 12:20:39 PM<br>
<b>To:</b> RPPTL Landlord Tenant Committee <landten@lists.flabarrpptl.org><br>
<b>Subject:</b> Re: [RPPTL LandTen] "Risk Mitigation Fee"</font>
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<div dir="auto">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="x_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="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_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="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_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="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_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="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_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="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D">Does anyone have any info on the legality of this?</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_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="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D">Harry</span></p>
<p class="x_MsoNormal"><span style="font-size:14.0pt; color:#1F497D"> </span></p>
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<p class="x_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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