Rental Basics in 30188>Question Details

Kj78, Home Owner in Woodstock, GA

Can I deduct the listed re-key fee from the tenant's deposit only if they do not turn in keys OR can I do so in general at the lease's end?

Asked by Kj78, Woodstock, GA Tue Jul 17, 2012

I am a homeowner in Woodstock, GA. I leased my home out for 2 years. That time frame is over, and I am doing a moveout inspection with the tenants tonight. I have a question about the security deposit. My realtor who helped with the initial rental used the GA Assoc of Realtors form F40. Section 8E seems to state that we would deduct the listed amount for re-keying the locks upon the end of the lease. Section 21A seems to imply that this is to be deducted only if they don't return the keys. Which is the case?

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It depends if the amount is printed into your lease to rekey even if they do turn the keys in on time and this paragraph was initialed and or signed by the tenant. Anything you deduct from the security deposit should be accompanied with a real invoice and copy of your payment and sent to the tenant within 30 days or less depending on your state laws.
0 votes Thank Flag Link Tue Jul 17, 2012
Both. If you decide to rekey the house, you can charge them the fee of rekeying and deduct from their security deposit. I have some landlords that change the key everytime a tenant moves out and I have some who do not. I always suggest to rekey the house because you never know who the tenants have given a key to. I have a reliable locksmith that will rekey your house very reasonable. Usually runs $75 depending on how many locks he has to rekey.
0 votes Thank Flag Link Tue Jul 17, 2012
Thanks so much for your response. I will definitely want to re-key, so it would be great if you could let me know the locksmith that you suggested.
Flag Tue Jul 17, 2012
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0 votes Thank Flag Link Tue Jul 17, 2012
If you are in CA and have a home in GA you should consider a property manager or at least find a good real estate attorney in the area to assist with your rental. Since you did not pose the question to the agent who helped in leasing the home I can assume you may need some help. Please feel free to contact us at 404-432-0466 and we can help find the right people you need to be a successful landlord.
0 votes Thank Flag Link Tue Jul 17, 2012
You can deduct it only if they lose the keys and you must rekey.

Rosanne Wells
RE/MAX Town and Country
678 687-7589
0 votes Thank Flag Link Tue Jul 17, 2012
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