Essential Security Deposits Tips for Landlords
The most common disputes related to property management occur around the return of security deposits. California law specifically allows security deposits to be used for four reasons:
Repair of damages beyond normal wear and tear
Cleaning a unit at move-out, but only to restore it to the same degree of cleanliness it was in at the time of initial occupancy
If provided for in the lease, the cost of restoring or replacing furniture, furnishings or other personal property if damage is beyond normal wear and tear
The landlord has 21 days after the resident vacates the property to return the security deposit in full and provide an accounting of the allowed deductions and receipts for work that is completed and deducted from the security deposit. If the landlord fails to return the security deposit within 21 days with an accounting for deductions, the resident may be entitled to a full refund and in some cases a penalty could be imposed.
If repairs cannot be completed within the 21 day period, the landlord can send an estimated security deposit disposition with estimates for work to be completed. Any unused security deposit would be sent along with the estimated security deposit disposition. If that were the case, the landlord would need to send a final security deposit disposition within 14 days of the work being completed. We hope you find this information useful. If you have any questions, don’t hesitate to contact us at Lyon Real Estate Property Management. Call 916-978-4232 or email HCross@GoLyon.com.
For a more detailed discussion of security deposits go to: dca.ca.gov