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Security Deposit Disposition
The legal accounting statement and fund return delivered to a vacating tenant outlining itemized repair deductions and net deposit refund.
A Security Deposit Disposition is the formal accounting and itemized statement provided to a departing tenant detailing deductions made from their original security deposit for damages beyond normal wear and tear, unpaid rent, or contractual cleaning obligations, accompanied by the return of any remaining funds within statutory state deadlines.
Frequently Asked Questions
What is the statutory deadline for returning residential security deposits in California?
California Civil Code 1950.5 mandates that residential landlords return remaining security deposit funds along with an itemized deduction statement and repair receipts within 21 calendar days of surrender.
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