In most states and jurisdictions, security deposit laws allow a property manager to deduct from a security deposit for any damage or excessive dirtiness, but not for any expected, normal wear-and-tear. Sometimes a security deposit is called a "damage deposit," and is generally some amount of money that the property manager is able to hold on to if a rental property needs any cleaning or repairs, in order to return the property to the condition it was in when the renter first moved in. Security deposits are for the benefit and protection of the property manager in the event that something on the property is really dirty or broken at the end of a lease. Property managers are not allowed to deduct from a security deposit for any items that suffer only normal wear-and-tear.

Also Known As (AKA):
Property Management Security Deposit Form
Residential Security Deposit Form
Damage Deposit
Security Deposit List
Deductions For Repairs And Cleaning
Security Deposit Refund
Tenant Damage Charge List
Security Deposit Deduction List

Rental Property Management: Property Management Forms [ Ссылка ]

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