TENANT DEPOSITS

The purpose of a tenant deposit is to protect the landlord from damage or loss caused by the tenant. The tenant is responsible for returning the property in the same condition, less normal wear and tear. If the tenant damages the property, the landlord can charge the tenant the reasonable cost to return the property to the same condition as first leased.  Please note that some expenses will need to be depreciated based on the age of the item being replaced.  Some landlords want to, in essence, charge tenants for damage without doing the work to remedy the problem. The courts don’t like these sorts of punitive fines. Judges want to see copies of invoices for work done if the tenant is charged for damage.

 We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!

 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 obtain the advice of an attorney well versed in these matters.

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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