Secure Your Transactions with Our Security Deposit Receipt Template for Inventory

Security deposit receipt template for Inventory

we had specialized property management hope you have enjoyed your stay now that it's time to move on you may have questions about your security deposit as you may recall you paid a security deposit before you moved in as part of the leasing process if applicable an additional deposit was collected for each pad these security deposits aren't fully refundable at the time of move out but are held in escrow during the lease term to cover any damages to the property damages are more serious than what is considered normal wear and tear as outlined in the Association of Realtors lease agreement normal wear and tear is defined as deterioration that occurs without negligence carelessness accident or abuse at moving you were given an inventory and condition form to document the property condition photos were required to support any items noted on the form our office references this forum and the photos that move out to compare any change in the condition of the property as we complete an independent move out assessment this assessment is done without the resident or owner present to ensure that we gather an unbiased report we then itemize on the deposit itemization form any damages to the property above normal wear and tear as well as other tenant financial obligations to be deducted from the security deposit these may include unpaid balances on your account unreturned keys or remote accelerated rent in the event of a lease breach cost to remove belongings left in the property and similar items to receive your deposit in full you must meet all of the lease requirements including but not limited to the following provide a 30 day advance written notice that you will be moving out leave the property move-in-ready meaning it is fully prepared to be occupied by the next resident aside from normal wear and tear have the carpets professionally cleaned and submit the receipt to our office fully vacate the property clear the home of all personal items including trash or unwanted belongings remember that if any personal belongings are left they become the property of the landlord and will be removed donated or sold sufficiently clean the property including appliances bathrooms kitchen window sills etc replace burned-out light bulbs and dirty AC filters in the event the walls were painted without prior authorization you must return the walls to the original color and paint quality before you move out on the day you vacate simple the keys and your forwarding address to our office state property code requires that any refund payment be made out to all tenants named on the lease and be paid within 30 days of move out we do our best to complete this process prior to this date if deductions exceed the amount of the security deposit being held you will have 10 days from the date of the deposit itemization to pay the balance if not paid the amount due could be turned over to a collection agency for further collection efforts please note that even if a pet no longer resides at the property the pet deposit cannot be returned mid lease but is included with the security deposit itemization at move out finally remember that the security deposit cannot be used to pay the last month's rent this is considered a lease breach and other charges may apply as outlined in the lease agreement should this occur we hope this has answered your questions about the security deposit process at move out we wish you all the best in the future [Music] you