We all know
that security deposits are funds reserved for repairs beyond normal wear and
tear is what exactly constitutes normal wear and tear. Essentially, protection
deposit funds are reserved for any damages a tenant causes to the unit he is
renting. The expenditure of normal upkeep and updates, on the other hand, fall
on the shoulders of the landowner.
One of the real
estate investor Jeff Adams provides lot of ideas to beginners for avoiding
scam. Even though this all sounds cut and dry, in perform the line among
damages and normal wear and tear is not always so obvious. Jeff Adams real estate seminar is the powerful tool that provides
powerful support to all beginners in the real estate industry.
On the other hand, while you are answerable
for making sure your units are systematically cleaned between tenants, you may
be able to hold back money from a tenant’s security deposit if she leaves an unexpected
mess in her wake.
According to
Jeff Adams, extreme build up of dirt and mold and tainted carpets can all
qualify as damages. Be aware though, that even a cautious tenant will likely
leave behind some wear on the carpet and paint and this falls under normal wear
and tear.
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