Uncategorized January 9, 2012

Deposits & Fees; now I see!

That anything referred to in a lease as a deposit must be fully refundable. Any monies that are not refundable must be referred to as a non-refundable fee (such as a cleaning fee, pet fee, etc).  If a deposit or fee is charged:

  • the rental agreement must be in writing and it must say what each deposit is for and what must be done in order to get the money back,
  • a receipt must be given for funds paid,
  • a written inspection report must be completed, signed by both parties and a copy given to the tenant, and
  • all deposits must be held in a Washington state trust account.