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Updated almost 4 years ago on . Most recent reply

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Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
63
Votes |
447
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Noisy Treadmill deduct from Security Deposit?

Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
Posted

Hello,

My tenant got himself a treadmill without taking my permission and he lives right above my top floor and it’s been creating us a lot of my annoyance as he rides it during odd times. When the tenant vacates can I deduct from security deposit for causing this nuisance?

Thanks

Most Popular Reply

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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
496
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626
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Joe Martella
  • Rental Property Investor
  • Cherry Hill, NJ
Replied

You expect the tenant to ask permission to buy a treadmill?  Did you nicely talk to him about it and tell him you can hear when he is on the treadmill?   In a duplex these things happen especially when people live on top of one another.  Perhaps the treadmill mat will work, but what is taking money from his security deposit going to do?  What damage to the property has he done? 

As landlords we are stewards of the tenants security deposit money.  The agreement/law (at least in NJ) is that I will place your money in an interest bearing account and you agree not to destroy my property.  Taking money for any other reason is outside that agreement, and is not good stewardship of someone else's money.  I suggest that you become familiar with the rental laws in your area otherwise you can become jammed up.  For example, in NJ, if you don't put the security deposit in an interest bearing account and give the tenant the interest every year, the tenant can demand you pay them 7% interest rate per year on their security deposit?  On a $3,700 security deposit that is about $260 per year.  If the tenant stays 3 or 4 years they can demand between $770 - $1,030 when they leave.  Let's say you have property damage and you decide to deduct from the security deposit and you have an educated tenant.  The tenant takes you to court and shows the judge and proves you are in violation of the law.  The judge could order 100% of the security deposit, plus interest and you are out the damages.  When you go to court on things it isn't so clear.  If you read the forums you see wacky judgements all the time.

He is using a treadmill, which is reasonable.  It isn't like he is blasting music or having wild house parties.  What are odd times for you may just be normal for him.  Maybe, if you have a basement in the house large enough, you can offer for him to put his treadmill down there where he can use it so it won't bother you, or buy him a Planet Fitness gym membership for $10 a month - if that is worth your peace and quiet. Perhaps there is some other creative compromise?  

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