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Updated over 8 years ago on . Most recent reply

Kalene Smith's profile image
Kalene Smith's profile image
Kalene Smith
  • from Wichita, Kansas
  • Member since Nov 30, 2016
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25
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Kalene Smith's profile image
Kalene Smith's profile image
Kalene Smith
  • from Wichita, Kansas
  • Member since Nov 30, 2016
Connect
Kalene Smith
  • Wichita, KS
6
Votes |
25
Posts
General Landlording & Rental Properties

Security Deposit in Trust Account - Kansas

Kalene Smith
  • Wichita, KS
Posted

I recently bought a rental property and have a renter in the property.  I am just now learning about laws regarding the security deposit.  

  • In Kansas does the security deposit need to go into a trust or will a basic savings account work?  
  • In Kansas, do we need to pay a 3% return on the security deposit when the tenant moves?  
  • For those of you that own rentals, what do you deduct from the security deposit when tenants leave?

Thank you so much!

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