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security deposit rental

Post by Seventyseven on Thu Jan 30, 2014 12:57 pm

I have rented an apartment here for one year. My lease was up last month, and I renewed for one additional year. I gave a really big damage deposite to the landlord last year. (in addition to 2 months rent). He said rather than returning to me, and me giving it back, he will just keep it. In the USA we have a legal right to claim the interest on that deposit when refunded. does the landlord owe me the interest for 12 months on a $1000 usd damage deposit? The new lease is exactly like the former lease. What is the legal custom here?

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Re: security deposit rental

Post by slainte39 on Thu Jan 30, 2014 1:48 pm

NO!!!
Unless your lease specifically states such an arrangement.
Then, technically, you should have permission for activo lucrativo, to earn money in Mexico.

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Re: security deposit rental

Post by Seventyseven on Thu Jan 30, 2014 2:39 pm

No it is not on the lease. In the USA they gave me 6 years accumulating interest when they returned the deposit. Guess they do not do that here. Curious, i earn money in my Mexican bank with interest. Isnt that the same?

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Re: security deposit rental

Post by slainte39 on Thu Jan 30, 2014 3:05 pm

Passive investment with a recognized financial institution does require the same "permiso" as an individual making deposits/loans with another individual for a lucrative return.
But we're talking small potatoes here and not reality. What would the interest be on a $1,000. US for a year at what?...1% interest?...$20 US dollars?

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Re: security deposit rental

Post by slainte39 on Thu Jan 30, 2014 8:39 pm

slainte39 wrote:Passive investment with a recognized financial institution does NOT require the same "permiso" as an individual making deposits/loans with another individual for a lucrative return.
But we're talking small potatoes here and not reality. What would the interest be on a $1,000. US for a year at what?...1% interest?...$10 US dollars?

Sorry...had to edit in NOT

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Re: security deposit rental

Post by CheenaGringo on Thu Jan 30, 2014 8:41 pm

77:

Why in the world would you compare something that happened NOB with something SOB??????

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Re: security deposit rental

Post by brigitte on Thu Jan 30, 2014 9:12 pm

good luck with the interst on the deposit and be glad if you get the deposit back to start with, many people do not.

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Re: security deposit rental

Post by Grizzy on Fri Jan 31, 2014 8:12 am

brigitte wrote:good luck with the interst on the deposit and be glad if you get the deposit back to start with, many people do not.

This. No one I personally know has had a deposit returned. That doesn't mean it won't happen but it is rare.
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Re: security deposit rental

Post by CanuckBob on Fri Jan 31, 2014 8:19 am

I have always had my rental deposits returned. There was no interest added in any case.
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Re: security deposit rental

Post by Seventyseven on Sat Feb 01, 2014 9:37 pm

It is more then 1% interest. If i owe my landlord even $10 usd he asks me. Why should'nt i ask him for the same? I will ask the other tenents if they got theirs back. Some of them rent other houses from the same landlord, but they come part time. Will get back to you if its good news.

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Re: security deposit rental

Post by CheenaGringo on Sat Feb 01, 2014 9:56 pm

77:

Good luck pushing that chain!  I believe that I might have more luck peeing in the river to raise the water level?

Maybe you and Fastfox could form a new US LLC to run your problems through?

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