Damages vs. ‘Normal Wear and Tear’
By Patti Widget
With permission from AAGLA
Your tenant has vacated your property and you now have 21 days to account to your tenant for the security deposit. The law allows property owners to deduct portions of the security deposit to cover the cost of damages caused by a tenant. Property owners cannot deduct normal wear and tear, or the expected depreciation of a property. For example, if carpeting has been destroyed and it is 8 years old, likely no deduction would be appropriate because the floor coverings were probably due for replacement … Read More
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