What to do when landlords give conflicting instructions
09/24/2015 | Author: Editorial Staff
I manage a property for a couple who recently split. Prior to their separation, they signed a Residential Leasing and Property Management Agreement (TAR 2201). When their tenant vacated the property, one of my clients asked me to forward the tenant’s security deposit to her. The other client asked that I return the security deposit to the tenant. What should I do?
Any accounting for the security deposit happens between the tenant and you, the property manager, per Paragraph 4 of the Residential Leasing and Property Management Agreement.
Make deductions from the security deposit in accordance with the lease, if any, and return the remaining balance of the security deposit to the tenant. If you make deductions, you’ll need to provide to the tenant a written description and itemized list of those deductions.
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