Kansas ranks number ten in the nation for rent increases. As rent fluctuates, you may think security deposits should, too.
Still, understanding the legalities and best practices related to security deposits is essential. Doing this will help you side-skirt disputes and ensure compliance with Wichita rental laws.
Keep reading to learn everything landlords need to know, from legal obligations to deposit deductions and resolving disputes.
Mastering Security Deposits in Wichita
Wichita landlords are permitted to collect security deposits to cover unreasonable damages, unpaid rent, or other lease violations. What security deposit a landlord can ask for depends on the property type:
- Unfurnished properties: A maximum of one month's rent
- Furnished properties: A maximum of one-and-a-half month's rent
- Tenants with pets: An additional half month's rent may be collected
Collecting a deposit that exceeds these amounts can lead to legal complications.
Landlord Responsibilities for Holding Deposits
Kansas state law requires landlords to hold security deposits in a trust or escrow account separate from personal funds. While there's no law mandating interest to be paid on security deposits in Kansas, landlords should always document where the deposit is held.
Tenant Rights and Deposit Return Timelines
Wichita rental laws require landlords to return the deposit no later than a month after the occupant moves out. It applies as long as there are no deductions for damages or unpaid rent.
If a landlord fails to return the deposit within this timeframe or provide an itemized list, they may be subject to penalties.
Permissible Deposit Deductions
Wichita landlords can deduct from the security deposit for several reasons, but they must follow specific guidelines to ensure compliance with Kansas laws. Permissible deductions include:
- Property damage beyond normal wear and tear
- Unpaid rent or other lease-specified charges
- Cleaning fees
Still, landlords can't deduct for regular maintenance or issues caused by normal wear and tear.
Security Deposit Disputes
Disputes over security deposits are among the most common issues between landlords and tenants. Tenants have the right to challenge deposit deductions they believe are unjustified. In Wichita, a tenant can file a lawsuit in small claims court.
Are you wondering what best practices can help?
Provide Move-In and Move-Out Inspections
Conducting a thorough inspection with the tenant at the start and end of the lease will ensure that both parties are on the same page about the property's condition. Use checklists and photos as evidence.
Keep Detailed Records
Document any repairs or damage beyond normal wear and tear, along with receipts for any repairs or cleaning done after the tenant moves out. It will serve as proof if any deductions are contested.
It's Time to Handle Security Deposits Like a Pro
By staying on top of security deposits, you can ensure that you have a proper safety net in place.
PMI Wichita can help you handle security deposits and many other tasks related to property management. From tenant screening to maintenance, you can count on our Kansas team.
Are you getting as much from your investment as you should? If you're unsure, then ask the PMI team for a rental analysis on the house.
