(4) If the landlord does not have the repairs made within seventy-two hours
excluding a Saturday, Sunday, or a legal holiday, and the condition of the building
remains hazardous, the tenant may opt to vacate the premises. After the tenant
vacates the premises, the lease or other rental agreement between the landlord
and tenant becomes null and void, all rights and future obligations between the
landlord and tenant pursuant to the lease or other rental agreement terminate, and
the tenant may demand the immediate return of all or any portion of the security
deposit held by the landlord to which the tenant is entitled. The landlord shall have
seventy-two hours following the tenant's vacation of the premises to deliver to the
tenant all of, or the appropriate portion of, the security deposit plus any rent rebate
owed to the tenant for rent paid by the tenant for the period of time after the tenant
has vacated. If the seventy-second hour falls on a Saturday, Sunday, or legal
holiday, the security deposit must be delivered by noon on the next day that is not a
Saturday, Sunday, or legal holiday. The tenant shall provide the landlord with a
correct forwarding address. No security deposit shall be retained to cover normal
wear and tear. In the event that actual cause exists for retaining any portion of the
security deposit, the landlord shall provide the tenant with a written statement
listing the exact reasons for the retention of any portion of the security deposit.
When the statement is delivered, it shall be accompanied by payment of the
difference between any sum deposited and the amount retained. The landlord is
deemed to have complied with this section by mailing said statement and any
payments required by this section to the forwarding address of the tenant. Nothing
in