Tags
Bank Account, estate account, Estate Rental Property, Notice to Quit, Rental Property, Security Deposit, Thirty Day Notice
Helping the tenants move was my first priority once they found a home they liked. The tenants wanted to sign the lease and move into the new residence quickly. Therefore, I cooperated with their timeline and completed the following tasks:
- To complete the Notice to Quit, I informed the attorney of the moving date. Once completed, the attorney sent the notice to the tenants. The tenants officially had thirty days to move off the property as described in the article Selling the Rental Property: Relocating the Tenants.
- The new landlord requested a letter of recommendation from me. So, I wrote the letter and mailed to the new landlord. That step finalized the lease agreement and allowed the tenants to start moving their belongings into the new residence.
- The tenants gave me the utility bills that they were paying.
- Having located the bank account which held the security deposit for the tenants, I went to the bank and closed the account. After, I deposited the funds in the estate account.
- Once moved, I retrieved the keys to the rental property from the tenants.
- At a time of the tenants choosing, I reviewed the property with the tenants. After the review, there was little damage; I returned the security deposit in full to the tenants.
