If possible, do a walk through inspection with the tenant right before the tenant moves out. Once the tenant moves out, use the move-in checklist to check for new damage. If the tenant reports a problem on the checklist that you later fix, you can record that on your copy of the checklist. Once the tenant completes the checklists, they should give one to you and keep the other. You are also entitled to request and receive a copy of the last termination inventory checklist which shows what claims were chargeable to the last prior tenants. You should complete this checklist, noting the condition of the rental property, and return it to the landlord within 7 days after obtaining possession of the rental unit. The first page of the checklist must say in 12-point bold font: It helps track damage to the rental home while the tenant is living there. The checklist must list every item in the home. When the tenant moves in, you must give them two blank copies of a move-in checklist. If you do not give the tenant the notice with all the information, you cannot make them follow the four-day forwarding address rule mentioned in the notice. The notice must tell the tenant where the money will be kept, usually at a bank or credit union. The notice must also give the tenant your name and the address where they should send any communications. For example, if the lease is in 12-point font, the notice should be in 16-point font. This notice must be at least 12-point bold font and at least four font sizes bigger than the rest of the lease. You must notify your landlord in writing within four (4) days after you move of a forwarding address where you can be reached and where you will receive mail otherwise your landlord shall be relieved of sending you an itemized list of damages and the penalties adherent to that failure. No matter how you ask for it, the law says you must give the tenant specific information about a security deposit, including a written notice that says: If not, you have 14 days from when the tenant moves into the home to ask for one. Security deposit information is usually in a lease. Asking for a Security Deposit and Notice Requirements For example, if you set rent at $1,000 a month, your security deposit can't be more than $1,500. The most you can ask for a security deposit is one-and-one-half times the monthly rent. Michigan law sets a limit on security deposits. Some examples of fees are pet fees and cleaning fees. A fee is money that you charge a tenant that is not refundable. Security deposits are different from fees because they are generally refundable. The tenant damaged the rental unit beyond normal wear and tear.The tenant has not paid all utility bills owed and you have to pay them so the next tenant can have utilities.A security deposit is the tenant’s property, unless you establish a right to all or part of it for one of these reasons: A security deposit is money a tenant gives you when they move in that you may have to return to the tenant after the tenancy ends.
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