Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
Our landlord isn't following the leases agreement and we need to withhold the rent from him legally. We've already given them a written notice.. We just need to do step 2 which is the account.
March 9, 2015 07:39:57 PM
1 person recommended this |
In reply to Carreather, Philadelphia
What a great question, Carreather. We're sorry to hear about the difficulties you've had with your landlord but we have some information you'll be able to use.
In some States, you are able to establish a Tenant Dispute account at a TD Bank Store near you. These may be setup as either a personal statement or passbook savings account for the withheld rent, and only funds withheld from the landlord should be deposited into this type of account. It would be opened in your name and any other tenant(s) names only.
Since you've mentioned that you may have already provided your landlord written notice that you are withholding all or part of the rent, you may wish to visit us at any TD Bank Store listed here: http://bit.ly/TDStores, or call your preferred Store to determine what other steps you may need to take before opening such an account. They can also advise you of any required documentation for the account opening process.
We hope this helps you get started, Carreather! We wish you the best of luck with this and take care.
Kristen P, Mount Laurel
March 9, 2015 07:41:06 PM