Balance Owed After Moveout - Demand for Payment
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Document Description
If the damages to a recently vacated rental property were found to be extensive, repair costs may exceed the security deposit. In this case, you can use this form to notify a past tenant of a balance owed above and beyond the security deposit amount. The document states the amount still due, provides payment instructions, and warns of the consequences if payment is not made in accordance with the terms set forth in the lease.
Who: Past tenants who still have a balance due after the security deposit has been applied.
What: Notification of balance due.
When: After the security deposit has been found to be insufficient to cover the costs of damages or repairs.
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