- 82% of renters / 76% of landlords lack understanding of laws on security deposits, credit and background checks.
- 77% of renters / 69% of landlords lack understanding of privacy and access rights.
- 62% of renters / 50% of landlords lack understanding of laws on early lease termination.
MISCONCEPTION: 82 percent of renters and three-quarters (76 percent) of landlords said they believe the landlord has 60 days after a lease ends to refund a security deposit (or provide an itemized deduction statement and refund the balance). TRUTH: In most states security deposits must be returned between 14 and 30 days.Lack of Understanding on Early Lease Termination:
MISCONCEPTION: Nearly two-thirds of renters (62 percent) and half of landlords (50 percent) said the landlord has the right to terminate a lease in order to rent the home to his or her family member. TRUTH: Landlords may not evict a tenant during the term of the lease simply because they would prefer to rent the unit to a friend or family member, or even to someone willing to pay higher rent.