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Landlord Tenant Closing Statement to Reconcile Security Deposit Washington Form

Landlord Tenant Closing Statement to Reconcile Security Deposit Washington Form

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hi I'm Jason with SJC Management Group today I was going to discuss a new law that goes into effect July 23rd 2023. so this is the only law that really passed during the last legislative cycle that affects landlord-tenant law issues in this particular law revolves around security deposits it basically changes the standard on what an owner could charge a tenant for on a security deposit from the old standard of normal wear and tear charges of Beyond normal wear and tear to charges Beyond normal use now now that might not sound like a a huge distinction but there is a bit of a legal difference and we'll see kind of over the course of the coming years how that plays out in any sort of legal cases that arise from disputes between landlords and tenants revolving around their security deposit the specific requirements of the law also are a little bit more on the landlord to have a very thorough move-in condition report which really documents every aspect of the home so blight

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