Are you sending this security deposit notice?
Dec 13, 2021Chasing money is bad business.
That's why smart Landlords collect security deposits.
It's the best way to get paid when a Tenant damages the property.
Well, unless it's "reasonable wear and tear" - whatever that means.
But if you keep the security deposit, you must send this notice.
And no later than 30 days after the Tenant moves out.
Miss this and you're in trouble.
The Tenant will get their money back.
Plus double the amount of the security deposit.
Plus their attorneys' fees (never cheap).
This adds up to some serious coin.
P.S. Make sure your notice complies with the law. If you've got better things to do, join the Legal Plan and use ours.
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