RE: Security Deposit
I believe the 15 days does not include holidays. So for example, Christmas would not be included as a day.
Posted by
karen s, WI
on
Thursday, January 31, 2013
RE: Security Deposit
Courts are sometimes flexible, even if there was no holiday. I don’t believe that 2 days will make a difference… I would do a counter suit for the balanced owed…. The next time send an estimate of repairs and a list of the work/cost already performed. This should be within the law (check it out) should it take longer than required to fix the damages. Just hold back returning deposit in case the estimate is wrong due to unknown damages. Keep us updated. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Unfortunately, it is impossible to give comprehensive real estate/tax advice over the internet, no matter how well researched or written. Therefore, it is up to you to become familiar with Fed/State/Local Tax Laws. Also, if you have real questions, you should consult with an attorney or tax professional……Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance. BTW...check out the Rental Property Organizer at Simp-List.com. Free Trial Download with data. Check out the new $$$$ for 2012
Posted by
Bob R, CA
on
Saturday, February 2, 2013
RE: Security Deposit
Thank you so much for your reply.. My wife and I have owned rentals for past 7 years with no issue's or lawsuits.. But this guy is a piece of work.. Hard because the laws in AZ although written in black and white do not outline any exceptions or alternatives on this subject. It does make sense because of the issue's of damages and holidays the court would understand why it was late going out. But I did keep in contact and he knew of the issue's and still filed when he knew I was deducting damages. I think his last way of scaring me into just paying it and being done with it. Not me.. He damaged my property and will see it to the end.
Again thanks for your reply, was very helpful.. Karen response didn't answer any of my questions...
Posted by
Jerry S, AZ
on
Monday, February 4, 2013
RE: Security Deposit
Don’t kill yourself trying to get all the repairs done within the notification time limit. If the work can not be completed, all you need to do is send tenant a list of repairs and approx cost by certified mail/return receipt. If repair cost is over the sec.dpst, let them know what the approx. bal due you is. Check your State law about Notification. If you need to refund them, let them know what the amount is and tell them that they will receive a return when all the work is completed. Or send them a partial bal due less a % (20, 30, 40%) to cover unexpected damages that may be discovered. . -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Unfortunately, it is impossible to give comprehensive real estate/tax advice over the internet, no matter how well researched or written. Therefore, it is up to you to become familiar with Fed/State/Local Tax Laws. Also, if you have real questions, you should consult with an attorney or tax professional……Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance. BTW...check out the Rental Property Organizer at Simp-List.com. Free Trial Download with data. Check out the new $$$$ for 2013.
Posted by
Bob R, CA
on
Monday, February 4, 2013
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