security deposit: What can a security deposit be used for (in California)? - 05/31/08 04:17 PM
Landlords seem to have on ongoing bad reputation for not returning enough of the security deposit when a tenant vacates. Too often the Landlord expects perfection from the tenant upon returning posession back to the Landlord.
Here is what can be deducted legally from the security deposit:
1. Unpaid rent.
2. … (4 comments)
security deposit: What part of a security deposit can be non refundable in California? - 05/30/08 11:25 PM
In California there is no such thing as a non refundable security deposit. The purpose of a security deposit is to enforce some action, and all of it must be refundable. Anything else is rent.
Be very careful not to automatically charge for things like a flea spray if the … (2 comments)
security deposit: How Does a Foreclosure Affect the Tenant (in California) - 05/06/08 02:13 PM
With the large numbers of investors losing their rentals to foreclosure, it is no wonder that lots of tenants have questions about the process. Here is some information on the subject, but be aware that HomePointe is not an attorney and you should seek legal counsel before acting on any of … (9 comments)
There are two options really in terms of what do to with the security deposit. If … (9 comments)
security deposit: Who pays for repairs after a resident moves out of a rental property? - 05/01/08 11:26 PM
After the move-out inspection, the owner/manager must determine who is responsible to pay the bills to bring the property back to the condition it was in prior the resident moving in. In California you are allowed by law to charge the resident's deposit for rent, damages above normal wear and tear, and cleaning. You should charge the … (10 comments)
security deposit: Pet Policy nuances - 03/25/08 09:50 PM
In a previous post I printed the Pet Policy we currently use at HomePointe Property Management. I also want to mention that in addition to having a Pet Policy/Pet Agreement, you should also charge some additional security deposit for the added risk of allowing the pet. The nuance is that you … (2 comments)
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Landlords seem to have on ongoing bad reputation for not returning enough of the security deposit when a tenant vacates. Too often the Landlord expects perfection from the tenant upon returning posession back to the Landlord.
