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You’ll want to include any invoices, receipts, or estimates to show that the amount you’re withholding is reasonable and valid. If you’re making deductions, make sure you indicate what you’re deducting for and why. If the tenants left the home in excellent condition and you’re returning the full deposit, simply send it to their new address. You’re never allowed to hold the deposit for more than 60 days. If your lease agreement gives you extra days, you need to follow that timeline. Unless your lease specifies otherwise, you need to return your tenant’s security deposit within one month of the tenant moving out. Use your move-in condition report to compare how the home looked at the start of the lease to how it looks now. A broken window or screen or appliances that are dented are examples of damage. Tenant damage is anything beyond that, due to the abuse, misuse, or neglect of the home. Those nail holes in the walls from where pictures were hung or scuffs from where furniture rested are your responsibility to repair and restore. As a landlord, you’re responsible for the general wear and tear of the property. Make sure you understand the difference between damage and wear and tear. Your lease agreement might require your tenants to have the home professionally cleaned or the carpets steam-cleaned before they move out. It should be in the same clean condition that it was when your tenants took possession.
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The first thing on your checklist is to evaluate the cleanliness of the home. If you’re managing your home on your own, you’ll need to know what to look for after your tenants move out and you’re inspecting the home for damage. If you work with professional Colorado Springs property managers, this inspection will be handled for you, and you’ll receive a detailed inspection report with photos. Move-Out Inspection Checklists for Landlords This may include making any minor repairs such as changing the filters and replacing light bulbs that aren’t working, cleaning the property thoroughly and professionally, and returning any keys, garage door openers, and other pieces of property that belong to the owner or the community. You need to do three things:īefore your tenants move out, provide them with a list of the things they’ll need to do. Today, we want to share some of the highlights of that process so you can put together a checklist of your own when tenants are moving out of your property. A Colorado Springs property management company like ours has a detailed and well-documented process for managing tenant move-outs.