End of Lease Procedures
Property will be placed back on the market
At 30 days out from the end of the lease we will put the property back on the market. That gives us 30 days to line up a new tenant for the following month. In the lease agreement, the tenant is obligated to allow for showings of the property with reasonable notice. We do our best to accommodate the tenants and only show the property by appointment. The tenant can opt out of this if they pay an additional month’s rent.
Inspection of the property
When the tenant does vacate we will do three things:
- Take pictures of the property
- Record a move out inspection video
- Third Party PROS assessment
This gives us three layers of proof of the condition of the property when the tenants moved out. This may seem like overkill, but this extensive documentation allows us to correctly itemize the security deposit. It also greatly minimizes potential legal action as there is ample proof to back up any item on the list.
For example if we are charging the tenant for yard work because the grass was left knee high, we have proof to back up the charge.
Based on the documented move out inspection above, we will itemize the security deposit.
May 2016 Update on Security Deposits