Do you know how to properly handle a security deposit return to your tenant? And in addition, are you handling the security deposit correctly from the time you receive the money until you do the security deposit return form? Make sure you know how much security deposit you can hold and make sure you keep the security deposit in an escrow account and not commingle the money with other funds. And when you are returning the tenant’s security deposit you must start by itemizing any deductions from the security deposit and must know what a landlord can deduct from a security deposit. You don’t want to get in trouble or do things that will cost you money. Be sure to know the security deposit laws in your state.
