Re: Confused about legal security deposit deductions

Re: Confused about legal security deposit deductions by Eric on July 30, 2014 @00:57

It would be a good idea to list each deduction item on your Security Settlement Statement which you will send to your tenants with the remainder of the deposit refund if any.
As far as painting and cleaning charges, be careful because you will have to differentiate and decide if it was needed because it was as John @ theLPA says, "above & beyond normal wear & tear".
That is how you should label such deductions on your settlement statement and send it well before your state's return period.

LPA has a Security Return Time chart
http://www.thelpa.com/lpa/fre-forms.html

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Re: Confused about legal security deposit deductions - Landlord Forum thread 322050