Balance Owed After Moveout - Demand for Payment

5 Stars

Is an additional balance owed after a tenant has vacated your rental property? Notify them and request payment with this all-in-one form.

Document Last Modified: 6/18/2018

Document Features

Editable

Auto-Fill Document

Related Documents


Balance Owed After Moveout – Demand for Payment

Does one of your former tenants still owe you a balance after vacating your rental property? With this all-in-one document, you can legally notify them that they are in arrears and request payment for what they owe at the same time.

After a tenant moves out, you or your property manager will go in and assess the wear and tear and damages on the property before making repairs and reimbursing the tenant any funds that are left from the security deposit. If the cost to repair the damages to the property exceeds the amount of the security deposit, then your tenant will owe you the difference. With this form, you can notify your former tenants when they owe you for damages not covered by the security deposit. This demand for payment will state how much money is still due, provide payment instructions, and warn your former tenant of the consequences of not paying.

Who: You, the landlord, will serve this Balance Owed After Moveout form to any tenant who still has a balance due after the security deposit has been applied to repairs to the property.

What: This document both notifies the former tenant that they have a balance due and gives them instructions in order to pay the balance. In addition, it delineates the consequences of failing to pay the balance.

When: You may send this document as soon as you discover that the tenant’s security deposit is insufficient to cover the cost of repairing damages and wear and tear to the property.

Related Landlord Resources:

Whether or not you have a former tenant who still owes you a balance, you may also find these documents to be relevant. These are generally helpful documents for landlords looking for new tenants or attempting to collect due or past due rent or balances from current tenants:

IMPORTANT: You may not send this form to a former tenant if you have not already applied their security deposit to the cost of the repairs to the property. Furthermore, the costs of repairs will not include the cost to upgrade the property but only to return it to the condition it was in when the former tenant first moved in. If the tenant can prove that the damages to the property were in existence before they moved in, then they will not owe you for those repairs.

Other Documents

Why ezLandlordForms?

#1 Rated Lease Agreement

9.3 TrustPilot Rating, with 3,384 Reviews

No Recurring Billing

No automatic charges or monthly billing

State Assist

So you know you're complying with state laws

Full Support

Phone, live chat, or email... try us now!

Unlimited Access

Edit &ump print any of our forms with pro access

Satisfaction Guarantee

Trusted by over 2.3 million landlords & property managers