Charge time to security deposti - Landlord Forum thread 344635

Charge time to security deposti by anonymous (CO) on April 25, 2016 @15:00

Tennant is leaving early and breaking lease. Can I deduct my time for showing place to new tenants from the deposit? What rate? Damages are minimal and should rent fairly quickly so my main deposit deductions will be my time.

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Re: Charge time to security deposti by Anonymous on April 25, 2016 @15:45	[ Reply ]

no you can't. your main deposit deduction is the prorated lost rent from the last day paid by the departed tenant up to and not including the first paid day for the new tenant. be careful if your new tenant rent is HIGHER than your departed tenant rent.

Re: Charge time to security deposti by Garry (Iowa) on April 25, 2016 @17:54	[ Reply ]

The anon is correct. You cannot deduct your TIME to show the place. But you can deduct the loss of rent you incurred like the anon said. You can also deduct any advertising costs you may have incurred, and any utilities that you had to pay between tenants. However, if you actually PAY someone to show the place (not a relative or a friend), then you can deduct that expense-----but you cannot be there at the same time the showing is.

Re: Charge time to security deposti

Re: Charge time to security deposti by Magic Mike on April 25, 2016 @18:39	[ Reply ]

You cannot deduct your time in terms of hours, but depending on your state you may be able to deduct a daily "rent" for the amount of time it is empty (prorate a month's rent) as long as you are making a good faith effort to fill it.