How can you effectively mediate tenant disputes about security deposit refunds?
As a real estate developer, you may have to deal with tenant disputes about security deposit refunds. Whether you own or manage residential or commercial properties, you want to avoid legal hassles and maintain good relationships with your tenants. How can you effectively mediate tenant disputes about security deposit refunds? Here are some tips to help you handle this common issue.
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Document everything:At move-in, take detailed photos and notes of the property's condition. Clear, thorough records can defuse disputes, as tenants see the same baseline you're referencing when assessing damages.
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Seek mediation:If direct talks stall, a third-party mediator can foster a neutral ground for discussion. It's less formal than court and encourages open dialogue, often saving time and preserving relationships.