Deposits & Fees; now I see!

That anything referred to in a lease as a deposit must be fully refundable. Any monies that are not refundable must be referred to as a non-refundable fee (such as a cleaning fee, pet fee, etc).  If a deposit or fee is charged:

  • the rental agreement must be in writing and it must say what each deposit is for and what must be done in order to get the money back,
  • a receipt must be given for funds paid,
  • a written inspection report must be completed, signed by both parties and a copy given to the tenant, and
  • all deposits must be held in a Washington state trust account.

 

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
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