Move-outs and Security Deposit Refunds

1. Refund of the security deposit by owner to former resident is dependent upon many factors, many of which are in the control of the resident.

A. Residents must deliver, to owner, a written notice of resident’s intent to vacate at least 30 days prior to vacating and must then vacate in strict compliance with any such notice.

B. Resident’s may not use any portion of the security deposit to offset any rent or other amount that may be due to owner prior to vacating the premises.

C. Residents on a month-to-month tenancy will be liable for rent for thirty (30) days from delivery date, or from the postmark date, of written notification to the manager or the office. Residents on a lease term tenancy will be liable for rent through the end of their lease or until the unit is re-rented, whichever is later.

D. If resident vacates prior to the stated vacation date in the notice, no rent will be refunded for the 30 day notice period, unless the apartment is rented to another party during the notice period.

E. Residents are liable for the following(as set forth in California Civil Code Section 1950.5):
– the compensation of Owners for resident’s default in the payment of rent;
– the repair or damage to the premises, exclusive of ordinary wear & tear, caused by resident or by a guest or licensee of resident;
– the cleaning cost of the Premises upon termination of the tenancy necessary to return it to the same level of cleanliness it was in at the inception of the tenancy;
– to remedy defaults by resident in any obligation under the Rental Agreement to restore, replace, or return personal property or appurtenances, exclusive of ordinary wear and tear.

The residents will also be liable and charged for the removal of all debris, rubbish and discards from unit and to dispose of the same in proper rubbish containers. The residents are also liable for removal of any Satellite Antennae and/or cable equipment.

2. Vacancy date is determined by the date ALL residents have surrendered their keys to the RST office or the onsite manager or at the expiration of the thirty (30) day notice, whichever is later. If on a lease, you are still liable for rent through the end of your lease.

3. An accounting of the security deposit will be made within 21 days after ALL residents have turned in the keys. If your liability date has expired, you will receive a final itemized statement of any charges and/or refunds due to you. If your liability date extends beyond the 21 day period you will receive a preliminary break down of your account and your account will be placed on a ‘pending’ status until your liability date expires or a new resident takes possession. Either way you will receive an accounting of the security deposit.

4. Deposit refund checks will be made in the names of all residents named on the lease only, unless otherwise agreed upon, in writing, by all parties.

5. If the resident breaks their lease, the resident is liable for all expenses incurred to put the apartment back on the market. This would include, but is not limited to, painting, cleaning, re-keying locks, credit check fee for new resident(s), leasing fee, advertising, etc. The resident will also be liable for all rent payments until the apartment is re-rented or the lease expires.

6. If no written thirty (30) day notice is received, the beginning of the notice period is determined by the date the apartment is discovered to be vacant by routine inspection or the day all the keys are turned in.