How to Handle Security Deposits

The law regarding Security Deposits is very clear and if not done the right way, a Landlord waives his/her right to any claims. Whether an owner, property manager, or rental community they all must comply.

If you are making a Claim against the deposit – Landlord must send out a notice of the claim within 30 days from the date that Tenant vacates the Property. Failure to do so will result in Landlord having to return the full amount of the deposit to Tenant no matter how much he/she owes to Landlord.

Be aware Tenant will have 10 days to object to the claim. If no response is received from tenant after notice is sent, Landlord must deduct the amount of the claim from the Security Deposit and return the balance to Tenant within 30 days from the date you sent out the notice.

If you are returning the Full Security Deposit – Landlord does not need to send out a notice. Simply return the full amount within 15 days from the date that Tenant vacates the property.

Consult with an attorney or refer to Landlord-Tenant laws in Florida for more information and notice samples. Call me if you have a property you would like to rent or manage.