If you are an apartment renter, then chances are you are very familiar with the security deposit. This can be one of the most contentious portions of any apt lease. Almost all leases require them, and they can be a significant amount of money. So let's dive into what exactly they are, what they can be used for, and most importantly, how renters can get the entire amount back.
The majority of renters know that landlords/owners like to approve tenants with strong credit scores, and quality references. Bad credit has unwanted implications; like higher interest rates on loans, and when it comes to renting homes or apartments, denials.
Neither renting, or buying a home is a superior alternative to one another. However, if your a renter, you might be seen as a second class citizen. And if your a homeowner, people simply look at you differently. You might be seen as a financial success! After all, you probably saved up, or put down a sizable deposit (although not required today). Owning a home is everyone's dream right?