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Updated about 2 years ago,
Are you allowed to use the security deposit to "turn" property?
Hi BP!
Once a tenant leaves and you have to get your property "fix-up" ready for a new tenant, what are you allowed to use the previous tenant's security deposit for?
Are you legally allowed to use it to fix "wear & tear" items (spot painting, fixing damaged flooring, cleaning, etc..)? Or is it only to be used on major items (holes in the wall, etc..)?
Thanks!