deposits
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deposits (by RosalindM Roseman [OR]) Dec 27, 2017 6:22 PM
       deposits (by Rosalind [OR]) Dec 27, 2017 6:23 PM
       deposits (by OPM [OR]) Dec 27, 2017 8:01 PM
       deposits (by NC INVESTOR [NC]) Dec 27, 2017 8:13 PM
       deposits (by cjo'h [CT]) Dec 27, 2017 10:03 PM

deposits (by RosalindM Roseman [OR]) Posted on: Dec 27, 2017 6:22 PM
Message:

Can last month's rent and security deposit be commingled

State Specific Question About: OREGON (OR)

--67.171.xxx.xx



deposits (by Rosalind [OR]) Posted on: Dec 27, 2017 6:23 PM
Message:

--67.171.xxx.xx



deposits (by OPM [OR]) Posted on: Dec 27, 2017 8:01 PM
Message:

Good day RosalindM...

I'd suggest you learn the LL/tenant statutes, always a good place to start..

Oregon Statutes chapter 90. 100 and others

(15) “Fee” means a nonrefundable payment of money.

(35)“Prepaid rent” means any payment of money to the landlord for a rent obligation not yet due.

Oregon's name for last months rent.

(37) “Rent” means any payment to be made to the landlord under the rental agreement, periodic or otherwise, in exchange for the right of a tenant and any permitted pet to occupy a dwelling unit to the exclusion of others and to use the premises.

“Rent” does not include security deposits, (last months rent) fees or utility or service charges as described in ORS 90.315 (4) and 90.532.

(41) “Security deposit” means a refundable payment or deposit of money, however designated, the primary function of which is to secure the performance of a rental agreement or any part of a rental agreement. “Security deposit” does not include a fee.

As these are still the tenants monies, until they are used after the tenacy ends... you can put them into a seperate account from any other funds.. do not comingle

as you may imagine there are rules for that as well

--162.247.xx.xx



deposits (by NC INVESTOR [NC]) Posted on: Dec 27, 2017 8:13 PM
Message:

Not all states require separate SD / Trust accounts. Those that do are generally based on the principle of not co-mingling. SD is not your money while rent is so that both in the same account would by definition be co-mingling.

What does your state law say? --71.75.xx.xx



deposits (by cjo'h [CT]) Posted on: Dec 27, 2017 10:03 PM
Message:

Rosalind,here in the northeast you're not supposed to put the rent money,and the cleaning deposit in the same envelope,or they'll go blue moldy,or something like that.....charlie........................................... ................ --174.199.xx.xx



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