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Safeguarding Your Security Deposit at Homes for Rent

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By : John Cutts    99 or more times read
One of the few mistakes tenants of rental homes make is in documenting the condition of their apartment homes for rent before they move in. Most would like to get the transfer over with as fast as possible and forget that the condition of the apartment can have adverse effect on the security deposit they provide to landlords.

Security deposits are a form of guarantees for landlord to protect their investments. Failures in rental payments or damages incurred by tenants during their stay will be taken off the security deposit. This is where disputes usually occur when tenants decide to move out from the home or apartment rentals. Landlords will withhold release of the security deposit if they see visible damages in the apartment. Unless the tenant provide proof that it is there before they move in, they would have no chance of getting their money back.

The following are some basic tips to safeguard security deposits when you move in to homes for rent.

  • Prepare a Home Inspection Checklist

    Before you move in to homes for rent, prepare an inventory of things and sections of the apartment and the condition that they were in. Take special note of damages or worn-out conditions of these items and record them in your checklist.

  • Inspect Every Nook and Cranny

    Some problems associated with homes may not be too obvious at first look and will need a more thorough inspection. Look under hidden locations for damages and even mold infestations. Check functionality of bathroom and kitchen fixtures and other commodes and take note of all defects.

  • Document Everything

    A move-in checklist is an excellent way to document the condition of the home before you move in. On top of that, use a camera and take photos of what you find during inspection. Make prints and write the dates on the back.

    Before moving in, or even before signing the lease, make copies of all documents and photos and provide signed copies to your landlord.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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