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    JRealty Property Management


To: All Stakeholders

Subject:  JRealty Security Deposit Guidance

Dear Stakeholder,                               

 

We follow CA Department of Consumer Affairs guidance when working with security deposit returns.  

In general, the reimbursement of the Tenant’s security deposit is based on the overall condition of the property when the Tenant moved out versus the condition of the property when the Tenant moved in.  When Tenant moves out, if the overall condition of the property is in the same or better than the overall condition when Tenant moved in, then the security deposit should be fully reimbursed.  If the property is left in a condition that is worse than when moved in, the costs incurred to get the property into move-in condition should be deducted from the security deposit.  

We work to operate with common sense, good faith, and reasonableness when assessing security deposit deductions.

Please see the bulleted items below regarding the administration of security deposit returns:

Below is a list of specific guidance on common questions:

Walls & Paint

Length of stay

Deduction

Less than or equal to 6 months

Full cost

Less than or equal to 1 year

two-thirds of cost

Less than or equal to 2 years

one-third of cost

More than 2 years

no deduction

Cost of cleaning

Carpeting