July 28, 2021 - Orlando Property Management Companies

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Managing security deposits: Normal wear and tear or property damage?

July 28, 20210Comments

When the lease ends, property condition and move- out inspection report may create many questions or even disputes between Landlords and Tenants. While every state is different, Mila Realty Property Managers put together some factors to consider when one manages a security deposit to avoid potential mistakes. What is Normal Wear and Tear? Walls: The scuffs in the paint would be considered normal wear and tear. Faded paint or slightly torn, faded wallpaper. A few small nail holes, chips, smudges, dents, scrapes, or cracks in the walls Flooring: Carpets: Flat, worn or discolored carpet. Vinyl flooring worn thin. Scuffed wood floors from regular use Rust in an oven…

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