When we meet with the tenants for the move in process, we go through the condition of the house and explain that we expect to receive the property in the same condition when they move out. We record any damages or defects that are outside of normal wear and tear. At the end of the lease, we meet with the tenants again and go through the house once more. We compare the property’s condition at move in to the way it looks at move out. If everything looks good, we let the owner know that it’s okay to return the security deposit. In Missouri, you have to return the money within 30 days of a tenant’s move out.
If you have any questions about how to handle security deposits at your rental property, please contact us at Select Leasing & Management.