Landlord Quick Tip

Tip #174: Damage Control

Deductions taken from a tenant’s security deposit remain one of the top causes of  legal disputes between tenants and landlords.

One way to diffuse a tenant’s anger over loosing deposit funds is to share with them a detailed itemization for each deduction.  If they realize that the numbers are legitimate, they are less likely to think you are being unfair.

On the other hand, a general accounting with estimates, padded figures rounded numbers, or a lump sum with no explanation is far more likely to encourage a tenant to seek legal help.  A tenant lawyer who sees a general accounting with no supporting documentation may view the landlord as legally vulnerable to a claim for wrongful withholding of the deposit. They may want to dig deeper.

See last week’s Landlord Quick Tip.

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