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Updated almost 6 years ago on . Most recent reply

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Sandy S.
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29
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Providing specific security deposit amount to tenant?

Sandy S.
Posted

Tenant is not renewing lease - Is it appropriate for a tenant to ask for a specific security deposit amount as they prepare to move out?  I have not had this happen before, and wonder how I could possibly give them a firm amount given that I have not done any move-out inspection.  I have not furnished this information up front, other than to say generically it is the original deposit + interest (NJ law) - deductions.  I am concerned they will be a stickler to any number they see before the lease ends.  How to address?

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Curtis Bidwell
  • Rental Property Investor
  • Olympia, WA
742
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777
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Curtis Bidwell
  • Rental Property Investor
  • Olympia, WA
Replied

Quote your local tenant/landlord law.  For my tenants I say, “Any deposit due you will be refunded within 21 days of vacating.” 

You don’t need to discuss or debate it. Itemize any deductions and send it within the timeframe allowed by your local jurisdiction.  

  • Curtis Bidwell
  • Podcast Guest on Show #95
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