Security Deposit Accounting & Return

Maintain transparent accounting of security deposits.

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Steps: 1) Conduct move-out inspection 2) Compare to pre-move-in 3) Obtain repair quotes 4) Calculate deductions 5) Compile accounting 6) Issue within timeline 7) If balance due, send invoice

Output: Move-out inspection form, damage assessment, itemized deduction list, deposit accounting statement.

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Why this works

Transparent accounting prevents disputes. Timely return demonstrates professionalism and compliance.

Risks & review

Withholding deposits without accounting is illegal. Penalties include treble damages.