Security Deposit Dispute- Instructions & Form: Fill & Download for Free

This is the first, and most important, thing you need to know about security deposits. They are held in trust by the landlord, for the tenant, in an account separate from the operating funds. The security deposit does NOT belong to the landlord.If you’re following your state’s laws and you had the tenant sign a move-in form/checklist accepting the unit/house, then there should be no need for before images. If the place is trashed when the tenant leaves, pictures are good for telling the story but this does not automatically entitle you to the deposit. You have to itemize the damages with invoices and charge the deposit account for the exact amount spent.If the amount of damages goes beyond the deposit held then you can seek a judgement from the tenant in civil court. If the amount is less than the deposit held and the tenant followed the instructions in the lease for moving out, then you MUST refund the remaining funds back to the tenant within the specified time required by your state.We use a software called rent manager which does allow you keep images on file. We do not utilize that part of the software.As always, I’m not an attorney and if you have any deposit disputes then you should seek the advise of counsel in the state the property is located.One thing to note. If you you have a real estate license, some states require the deposit to be held by your managing broker, even if you own the property. Seek advice from your broker in this regard.

Credit card payments can be a landlord’s worst enemy! The poorest business decision a landlord can make.Why? Because credit card payments can bounce worse than a bad check! A bum check might take 7–10 business days to bounce like a basketball but a contested credit card charge can bounce (charges reversed by issuer) from 2–6 months after payment.The dispute process of most major credit cards are so consumer friendly they would allow a tenant to dispute charges (rental payment) from 60 days to 6 months after payment. This insecure form of payment puts the landlord in a precarious situation.So let’s play it out. A landlord does their due diligence, they rent a unit to a husband and wife.The husband wipes out his Visa card and pays landlord 1 month security deposit and 1st month’s rent. The husband signs the lease; the landlord scans it and emails it to wife in Florida. She signs lease and emails it back to landlord and snailmails the original. So far, so good. Everything is honkey dorey. Landlord crossed their t’s and dotted their i’s. Then it happens!The wife arrives from Florida on move in day and upon inspection of rental abruptly changes her mind and informs landlord that she is reneging on signed lease and wants a full refund from broker and landlord. The broker instructs her of the legal ramifications of such an ill-advised decision and she says, “No legal problem here, I’m going to call my credit card company and tell them someone fraudulently used my card without my permission and consent”namely my husband.Long story short, she carried through on her credit card refund strategy and it worked. The credit card company became the judge, jury and verdict and summarily reversed the charges and brought her whole. The landllord and broker both lost their money and had to start the process all over again.Why am I so familiar with this story? Because it happened to me. It was one of my many failure lessons or mistakes that I made in my illustrious real estate career. This mistake did not hamper or weaken my business, it actually strengthened my businees model by teaching me first hand the perils of accepting credit cards in real estate transactions. I learned this education so the landords I represent and the agents I train won’t make the same costly mistake. Sometimes in life your “Failed Experiences” can be your greatest teaching tools and ultimatly fuel your success.

Hello,As per TRAI (Telecom Regulatory Authority of India) instructions telecommunication companies can initiate the legal proceedings in order to collect the outstanding dues from customers.However, there is a transparent guidelines issued by TRAI which needs to be followed during the recovery of dues.In your case, if your dongle wasn’t working, you should ask for data usage details from Reliance for said/disputed period. In this way you would be eligible for a waiver, if no usage found.In regards to your security deposit, you must produce the payment receipt and check with company if it was refundable ?Reliance follows the below chart for recovery of outstanding dues.Thank you.