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Refunding Deposit

posted by Greg Bell   Dallas, TX, 29 Oct ’09, 5:14 am

Out of a $600 deposit (and an additional $200 pet deposit) we're thinking we would be being EXTREMELY generous to refund them $300.00. Can anyone tell
me if you've experienced a similar situation and/or offer some good advice?

Here's my recommendation:

1. call seller and have them review the property or give you a checklist of the move-in condition.

2. you must give the tenant a written response with any deductions within 30 days after they move out.

3. pet deposits are generally always 100% non-refundable. it's used for repairing pet damage, etc.

4. if the pet caused damages and there are other damages that you know were caused by the pet then I would take pictures and send them an itemized statement and refund them a small portion or they get zero or they owe money. Based soley on what it's going to cost you to repair the damages caused by them or the pet, etc.

Best,

---
Greg Bell
Real Estate Club Meetings & Training Classes
http://www.REITC.com

This discussion so far ↓

• Refunding Deposit - shippsl, 08 Oct ’09, 9:00 pm
  • Refunding Deposit - Greg Bell, 29 Oct ’09, 5:14 am