Damage/security deposit is the tenant’s money, held in trust as insurance that the tenant will fulfill the terms of the lease. The deposit may not be utilized during tenancy without the tenant’s written permission. If the property sells during tenancy, the seller must notify the tenant that the deposit has been transferred to the buyer and the buyer must notify the tenant in writing of the Washington state bank and branch where the deposit will be held in trust. After the tenant vacates the deposit may be used for cleaning and repairs with proper documentation and processes.
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Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.
RESIDENTIAL PROPERTY MANAGEMENT 