Landlord Quick Tip
Tip #194: Hold, or Fold?
Yet, some landlords feel inclined to return the deposit right after the tenant moves out. Occasionally, a landlord will even promise a quicker turnaround as an incentive for a new tenant.
Unfortunately, it’s not uncommon to discover damage after the final walk-thru, especially if the tenant knew about the problem and tried to conceal it. For instance, one landlord shared how a tenant had asked to install a shade over a custom window because the room was too sunny in the mornings — or so the tenant said. The shade was down during the final inspection. It wasn’t until the landlord happened to be out back that he discovered the window was cracked.
Security deposit laws deal a good hand to landlords by offering a little bit of time to find any damage a tenant may have left behind. Don’t fold too soon — or you could lose out.
See last week’s Landlord Quick Tip.
With AAOA, landlords have resources at their fingertips. Check out our Landlord Forms page.
American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.
Accessibility