Deposit settlements

Financial › Deposit settlements lists former residents whose deposit has not been disposed. Most states put deposit return on a statutory clock, so work this list weekly.

1. 1Find the former resident on the list. If the move-out is not recorded yet, record it with the move-out date and reason.
2. 2Post any move-out charges, such as damage found at the move-out inspection, to the lease before you settle.
3. 3Open the settlement and review the deposit held against what is still owed.
4. 4Post the settlement. The outcome is either a refund due to the resident or a balance due from the resident.

Keep the move-out inspection photos with the settlement. They are your evidence if a deduction is disputed.