Disclosure to Landlords Requesting the

Double Security Deposit Option

 

The Broker recommends that Landlords not exercise their option to require a Double Security Deposit on Unmanaged Leases.  Landlords with Unmanaged Leases requesting to exercise this option will be required to sign an Indemnification Agreement holding the Broker harmless in the event a dispute develops over the return of the Tenant’s Security Deposit.  In addition, the Broker will require the Landlord to agree to personally visit the premises to conduct the Move Out Condition Report.

5/16/2018