When your lease is renewed, whether you choose to renew it or it happens automatically, it can sometimes create difficulties in getting your security deposit back. In such cases, it's important to understand the specific terms and conditions outlined in your lease agreement.
When a lease automatically renews, the terms of the lease generally stay the same unless otherwise specified in the lease agreement or agreed upon by both parties. This means that the duration, rent amount, and other terms and conditions outlined in the original lease will carry over into the renewed lease.
However, it's important to note that when a lease is renewed, the landlord may ask for a new security deposit for the extended lease period. This means that the security deposit you paid for the previous lease might not be returned to you until you move out and terminate the renewed lease.
To avoid misunderstandings, make sure to check whether your landlord will keep your previous deposit or require a new one for the renewed lease. Additionally, carefully review the lease agreement to understand the specific conditions under which the security deposit will be refunded when the lease eventually ends. This may involve following specific requirements, such as providing the appropriate type of advance notice before moving out.