Security Deposit Accounting & Return Prompt

Prompt

Maintain transparent accounting of security deposits.

[PASTE: Lease terms, move-out condition, deductions, rent paid]

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.

Why it works

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

Watch out for

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

Used by

Finance Teams

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