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The Aftermath Personal Property
You are not required to store the personal property in leased premises, but you do have to store it in a safe place during this period. If the property left behind is worth less than $300.00, you may dispose of it after expiration of the above period. However, if the value exceeds $300.00, you must sell the property through public auction after publishing the date of the sale in a newspaper. Call our office regarding this procedure. If the tenant returns to claim the property, you must return it to him, but you can charge reasonable storage fees. You may not hold the personal belongings as "ransom" for rent even if you have a judgment. In all cases, it's a good idea to take pictures of the personal property and write down a complete inventory for your records. Security Deposits When calculating the deductions, first deduct for damages to the premises above ordinary wear and tear, then take cleaning expenses. After that, the balance, if any, goes as a credit against back rent owing. This written accounting must be mailed by normal mail within 21 days after you receive possession of the premises, to the last known address, which will usually be the eviction address. In most eviction cases, this accounting will show that there is a balance due you that exceeds the security deposit. Collections
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