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PDF Editor FAQ

How does a tenant sue the County Housing Authority for grave violations?

That depends on what you consider a “grave” violation. Most issues with housing authorities can be addressed easily. If it is a repair issue, just send a certified letter to the housing authority demanding that the issue(s) be fixed within 30 days. Clearly state that you will withhold rent and place it in an escrow account if the issues are not fixed within that time frame. If the issues are not fixed, just open an escrow account and deposit your rent into it. Mail the housing authority a copy of the deposit slips for the escrow account.

If you are making an all-cash purchase on a new construction home, does the seller (a home builder) care how long the cash has been in one's account?

No. They do not really care about the history of the money as long as it is confirmed to be in their bank account.In the US, new construction homes are typically sold with the help of an ‘Escrow’ company. The primary function of an escrow company is to ensure that the financial transaction goes smooth for both parties. The presence of a third party serves two purposes, peace of mind and limited tracking.Both parties agree to the terms of the sale including the final amount. This amount is communicated to the escrow company. The buyer then deposits the money in the escrow account. Sometimes the buyer may have to make multiple deposits, say some from his/her own personal account, some from the first mortgage, etc… The escrow company tracks and reconciles these payments. Once the final amount is cleared to be available, the escrow company transfers it to the seller’s bank deducting any previously agreed fees.In India most builders request any check or cash to be directly deposited into their bank account. The bank deposit slip serves as a receipt of payment. The builder also reconciles their bank statements and provides a monthly statement of the transactions involved to all buyers.The builder/seller hands over the keys to the buyer along with the Title/Deed and any supporting documents only after confirming that the final amount is in their bank accounts.Thanks for the A2A.

If the landlord is required to hold a security deposit in an escrow account and doesn't, what can the renter do about it?

Every state has a different landlord/tenant laws, as has been mentioned many times. The commonality is that a refundable security deposit does not belong to the landlord and must be held in trust on behalf of the tenant. Some states require the account to be held in an interest bearing account, some don’t and some allow the two parties to negotiate the interest.The interest is also negotiable, depending on your state. Some landlords use the interest to pay for bank fees, deposit slips, checks and other expenses.All of this should be spelled out in the lease agreement. If it’s not, you can negotiate it in or not accept the lease and go somewhere else.I saw one post that said the landlord must give the tenant the bank and account numbers for the trust account. I’ve never seen such a requirement, at least in the states I’m licensed in, and if someone is in a state that requires this, please let me know.

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