Special offer

Agents! Are your BUYERS currently TENANTS? Give them this article!

By
Property Manager with Gibson Management Group, Ltd.

FindLaw is a GREAT resource for landlords, real estate agents and property managers and in this link is to an article regarding HOW tenants can get their ENTIRE Security Deposit back from their landlord.

http://realestate.findlaw.com/landlord-tenant-law/security-deposit-laws-can-help-get-your-deposit-back.html

#1.  Move-out inspections.  Some state landlord-tenant laws specify that the landlord and tenant must inspect the property jointly and discuss charges to the tenant's deposit.  A few states * like CA * allow the tenant to make "corrections" to the property.

While most states do not have this requirement, landlords and tenants often misinterpret this option.  ABSENT state specific requirements, the inspection SHOULD BE for the tenant to advise the landlord WHY the property is in the current condition.

#2. Giving NOTICE  is a HUGE issue.  Many think that it can be given ANYTIME during the month for a periodic or month to month tenancy and this is INCORRECT.  State laws RULE and many state that notice MUST be provided BEFORE the next "hiring" or rent due date so giving notice anytime may make the tenant responsible for yet another month's rental payment.

#3. I need a pillow that says DIRT IS NEVER NORMAL WEAR and TEAR!  NEVER.  If it can be CLEANED, it needs to be cleaned and that includes garage floors (swept); patios, porches, behind the refrigerator and the baseboards.

#4.  Unpaid rent...also means late fees and unpaid repair costs and NSF fees.  If these are paid during the lease, all the better; however, if the tenant and landlord have let these issues go to be deducted from the security deposit there could be a BIG NASTY SURPRISE.

#5.  Starting the deposit return countdown.  The countdown should start once the keys (possession) is returned and NOT necessarily the end of the lease.  Tenants who want to keep property keys are 1) responsible for anything that happens at the property while it is in their control AND they are delaying the START of their deposit return countdown.

Many states do not have these timelines; however, DIY landlords who use leases not specific to their state MAY have a timeline in it which needs to be honored.

In any event, landlords and tenants need to have a clear understanding of their duties and responsibilities for move-outs.  Landlords providing a check-out checklist to tenants with the lease and then AGAIN when notice is received and tenants allowing time to properly clean are a GREAT way to start

Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

LandlordWhisperer

View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans

"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

Comments(7)

Jay Jones
Keller Williams Tri-Lakes - Branson, MO

Nice post! I know a few people that I'm going to pass this along to. I think they'll be pretty happy to find out this information.

Jul 03, 2012 03:18 AM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

Another fabulous list.  We LOVE to give tenant's all of their money back as then we don't have a to-do list AND we are ready for the next occupant.  Life is good.

All the best, Michelle

Jul 03, 2012 05:16 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I want to give all of their deposit back and keep my repair guys busy with remodeling for higher rents for my clients

Jul 03, 2012 06:30 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

I always e-mail these little tid bits of info to the tenants Wallace so keep em coming

Jul 03, 2012 08:00 AM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

I liked this post so much that I "liked" it and submitted it to linkedIn. Great job.

Jul 03, 2012 10:22 AM
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Wallace,

Thank you for the information.

All tennents can benefit from this post.

Have a great Fourth of July.

Best, Clint McKie

Jul 03, 2012 11:49 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I want to give back all of my tenants' deposits EVERYTIME * unfortunately, there are residents who do not read their lease, do not read the 19 page resident handbook I provide and they do not read the move-out cleaning check list that I provide a SECOND time in my move out letter...

Jul 03, 2012 06:37 PM