Use our landlord letter returning security deposit to itemize what portion of the security deposit will be returned to the tenant. Furthermore, landlords can use this document to provide explanations of how much money will be given to the tenant from their initial security deposit.
What to Know Before Using our Landlord Returning Security Deposit Template
When it's time for a tenant to leave, you should take a walk through their place to check for damages. This includes the viability of their appliances and if any paint is missing from the walls. Furthermore, look if there was any damage from pets they may have had. Doing this process with the tenant is a good idea. This prevents them from questioning why a portion of the security deposit is missing.
After checking the rental property, you can quickly calculate how much it will cost to fix the damages. Figure out what percent of the security deposit you will pay back to them after you itemize the deductions. If you do not have maintenance staff at your rental property, you should try and find an independent contractor to fix these issues so you can quickly estimate how much it will cost to fix damages.
Our landlord letter returning security deposit template keeps the move-out process quick and straightforward. This document allows you to detail what deductions will be made from the security deposit.