How to return a security deposit to a tenantMoving out of rental two months early. How can I reduce the...
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How to return a security deposit to a tenant
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How to return a security deposit to a tenant
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Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so?
It is Colorado in this case and I see no such laws governing the format of the deposit. What are the options and specifically some smart ways to do this? I'd like to avoid the excuse of - never got it at the address provided, didn't cash it etc.
united-states landlord colorado
edited 9 hours ago
Chris W. Rea
26.9k1587175
asked 10 hours ago
maplemalemaplemale
772717
add a comment |
Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so?
It is Colorado in this case and I see no such laws governing the format of the deposit. What are the options and specifically some smart ways to do this? I'd like to avoid the excuse of - never got it at the address provided, didn't cash it etc.
united-states landlord colorado
edited 9 hours ago
Chris W. Rea
26.9k1587175
asked 10 hours ago
maplemalemaplemale
772717
add a comment |
Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so?
It is Colorado in this case and I see no such laws governing the format of the deposit. What are the options and specifically some smart ways to do this? I'd like to avoid the excuse of - never got it at the address provided, didn't cash it etc.
united-states landlord colorado
edited 9 hours ago
Chris W. Rea
26.9k1587175
asked 10 hours ago
maplemalemaplemale
772717
Very simply put: How should one return a security deposit to their tenant in such a way that there is proof I've fulfilled my responsibilities to do so?
It is Colorado in this case and I see no such laws governing the format of the deposit. What are the options and specifically some smart ways to do this? I'd like to avoid the excuse of - never got it at the address provided, didn't cash it etc.
united-states landlord colorado
united-states landlord colorado
edited 9 hours ago
Chris W. Rea
26.9k1587175
asked 10 hours ago
maplemalemaplemale
772717
edited 9 hours ago
Chris W. Rea
26.9k1587175
asked 10 hours ago
maplemalemaplemale
772717
edited 9 hours ago
Chris W. Rea
26.9k1587175
edited 9 hours ago
Chris W. Rea
26.9k1587175
edited 9 hours ago
Chris W. Rea
26.9k1587175
26.9k1587175
asked 10 hours ago
maplemalemaplemale
772717
asked 10 hours ago
maplemalemaplemale
772717
asked 10 hours ago
maplemalemaplemale
772717
772717
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
Traditionally in my leases I specify that it will be returned within 30 days of move-out via check (and therefore they must provide forwarding address). I send via certified mail so that receipt is confirmed. Safe and easy. Now, for tenants that pay with Zelle I will offer to return it via Zelle, but I don't have that written into the lease because it's important to have a valid forwarding address.
I don't believe in CO there are any laws about how it is returned, timely return and detailed reason for any deductions are the main concerns.
answered 9 hours ago
Hart COHart CO
37.9k691106
1
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
1
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
add a comment |
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1 Answer
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1 Answer
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oldest
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votes
Traditionally in my leases I specify that it will be returned within 30 days of move-out via check (and therefore they must provide forwarding address). I send via certified mail so that receipt is confirmed. Safe and easy. Now, for tenants that pay with Zelle I will offer to return it via Zelle, but I don't have that written into the lease because it's important to have a valid forwarding address.
I don't believe in CO there are any laws about how it is returned, timely return and detailed reason for any deductions are the main concerns.
answered 9 hours ago
Hart COHart CO
37.9k691106
1
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
1
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
add a comment |
Traditionally in my leases I specify that it will be returned within 30 days of move-out via check (and therefore they must provide forwarding address). I send via certified mail so that receipt is confirmed. Safe and easy. Now, for tenants that pay with Zelle I will offer to return it via Zelle, but I don't have that written into the lease because it's important to have a valid forwarding address.
I don't believe in CO there are any laws about how it is returned, timely return and detailed reason for any deductions are the main concerns.
answered 9 hours ago
Hart COHart CO
37.9k691106
1
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
1
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
add a comment |
Traditionally in my leases I specify that it will be returned within 30 days of move-out via check (and therefore they must provide forwarding address). I send via certified mail so that receipt is confirmed. Safe and easy. Now, for tenants that pay with Zelle I will offer to return it via Zelle, but I don't have that written into the lease because it's important to have a valid forwarding address.
I don't believe in CO there are any laws about how it is returned, timely return and detailed reason for any deductions are the main concerns.
answered 9 hours ago
Hart COHart CO
37.9k691106
Traditionally in my leases I specify that it will be returned within 30 days of move-out via check (and therefore they must provide forwarding address). I send via certified mail so that receipt is confirmed. Safe and easy. Now, for tenants that pay with Zelle I will offer to return it via Zelle, but I don't have that written into the lease because it's important to have a valid forwarding address.
I don't believe in CO there are any laws about how it is returned, timely return and detailed reason for any deductions are the main concerns.
answered 9 hours ago
Hart COHart CO
37.9k691106
answered 9 hours ago
Hart COHart CO
37.9k691106
answered 9 hours ago
Hart COHart CO
37.9k691106
answered 9 hours ago
Hart COHart CO
37.9k691106
37.9k691106
1
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
1
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
add a comment |
1
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
1
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
1
1
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
I guess that makes sense, certified mail at least shows it arrived. I shouldn't have to worry about whether or not they actually cash it on time. If they don't ever cash, eventually I'd have to remit to the State Unclaimed Property department in CO.
– maplemale
9 hours ago
1
1
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
@maplemale Yeah, or if they never cashed it and wanted you to re-issue you could deduct the stop-payment charge and re-issue.
– Hart CO
9 hours ago
add a comment |
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