No Refund Security Deposit Letter

No Refund Security Deposit Letter. If you will not be refunding any or all the security deposit, you need to send a letter to your tenant’s new address explaining why, along with any remaining security deposit money. What can the security deposit be used for?

These templates give excellent examples of ways to structure such a letter, as well as include example… Providing a financial statement is the recommended way of settling the return, where the landlord can show in a more detailed manner the same information. The first letter should be included with the second to ensure the tenant received it.

Each state has specific security deposit laws landlords and tenants must follow, including the reasons you can keep a tenant's security deposit.

Each state has specific security deposit laws landlords and tenants must follow, including the reasons you can keep a tenant's security deposit. According to your statement, i owe you $2,300 in rent for september, which you have deducted from my security deposit. Variety of security deposit return letter template that will completely match your needs. If landlords do not follow the correct legal process, they jeopardize their chances of using a security deposit to cover the cost of damages (like that hole in the wall from the tenant’s friend kevin, a mega 49ers fan, after that very loud super bowl party).