Re: What process to go through in returning Security ?

Re: What process to go through in returning Security ? by Daniel (CA) on February 2, 2021 @13:21

If you are being nice and discounting the amount that you are charging the tenant then you write this on check "Security Deposit Settlement In Full"

If you are Charging the tenant full amount of charges then you write "Security Deposit Balance Refund"

If you are returning full deposit then you write "Full Security Deposit Refund"

If you are doing option 1 then including the letter below may protect you... as with all documents here, check with a lawyer if you have questions.

THE STATE OF CALIFORNIA, COUNTY OF LOS ANGELES
SETTLEMENT OFFER

WHEREAS, Name, (“Landlord”), rented unit # 8 of Street City, CA Zip (the “Premises”) to tenants listed here;
WHEREAS, (Beth) an individual (“Tenant”), is offered here a settlement of the matter in lieu of dispute and or litigation;
WHEREAS, Tenants paid $2,600 security Deposit;
WHEREAS, Tenants moved out on January 31, 2017;
WHEREAS, A security deposit statement was issued on February 20, 2017;
WHEREAS, the ESTIMATE SECURITY DEPOSIT statement reflects a refund of $632.12 due to tenant, and a deduction of $1,967.88 from the security deposit; EXHIBIT A
WHEREAS, more time and work is needed to calculate the amount of unpaid rent that Tenants owes to "Landlord" and which may be lawfully deducted from the rent;
NOW, THEREFORE, Landlord, for good and valuable consideration receipt and sufficiency of which is hereby acknowledged, stipulate and agree as follows:

Landlord offers check # 3347 in the amount of $650.00 to Tenant.
If Tenant accepts check # 3347 and deposits it, then it shall be considered a settled matter. Otherwise, if Tenant disagrees and rejects this settlement offer, then Tenant shall return the check to the Landlords Address listed above.

“Landlord, name”

By:
Name: name Title: Landlord

Offered by “Landlord, NAME”

By:
Name: Title: Landlord

Accepted by “Tenant,”

By:
Name: Title: Tenant

Use this if TT sues you and you want to offer more $$ to close the case

LL address

Tenant address

THE STATE OF CALIFORNIA, COUNTY OF LOS ANGELES
Supplemental SETTLEMENT OFFER

WHEREAS, NAME, (“Landlord”), rented unit # 8 of Street Santa Monica, CA Zip(the “Premises”) to tenants listed here;
WHEREAS, Tenant an individual (“Tenant”), is offered here a settlement of the matter in lieu of dispute and or litigation;
WHEREAS, Tenants paid $2,600 SECURITY DEPOSIT (SD);
WHEREAS, Tenants moved out of the Premises on January 31, 2017;
WHEREAS, Estimated (SD) statement issued on February 20, 2017;
WHEREAS, Tenant supplied a forwarding address for the (SD) statement on March 1, 2017;
WHEREAS, the ESTIMATE (SD)statement reflects a refund of $632.12 due to tenant, and a deduction of $1,967.88 from the security deposit;
WHEREAS, A Final (SD) statement was issued on April 16, 2017; EXHIBIT A
WHEREAS, Total Final charges exceed the (SD) Balance by $162.99 in the amount of 2,762.99 ;
WHEREAS, Landlord previously offered check # 3347 in the amount of $650.00 to Tenant as an offer to settle the (SD) account in good faith;
WHEREAS, Tenant accepted and deposited check # 3347; therefore, this is a settled matter;
WHEREAS, Tenant now owes $812.99 to Landlord; if Tenant now refuses to honor the settlement agreement;
NOW, THEREFORE, Landlord, for good and valuable consideration receipt and sufficiency of which is hereby acknowledged, stipulate and agree as follows:

Landlord offers $200.00 or $________________to Tenant.
If Tenant accepts $200.00 $________________then it shall be considered a settled matter.

Offered by “Landlord, Name”

By:
Name: Name Title: Landlord

Accepted by “Tenant, Name”

By:
Name: NAME Title: Tenant

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