How Flatmint Manages Security Deposits for Owners

Managing security deposits correctly is critical—not just for legal compliance but also for building trust with your tenants. At Flatmint, we handle deposits professionally, transparently, and according to Seattle's strict regulations.

Here's our process for managing security deposits to protect both owners and tenants:

1. 📋 Clear Lease Terms from the Start

Our lease clearly states deposit amounts, reasons for potential deductions, and the timeline for returning deposits after move-out—setting clear expectations from day one.

2. 🗂 Proper Deposit Collection and Documentation

We carefully document the condition of your property at move-in with detailed checklists, photos, and tenant acknowledgments—ensuring clear benchmarks for later reference.

3. 🔍 Detailed Move-Out Inspections

At move-out, we conduct a thorough inspection with side-by-side comparison to move-in documentation, carefully noting any damages beyond normal wear and tear.

4. 🧾 Transparent Itemizations & Deductions

When deductions are necessary, Flatmint provides tenants with clear, detailed breakdowns of charges—ensuring transparency and reducing disputes.

5. 📆 Timely Deposit Returns

Seattle law requires deposits to be returned within 21 days of move-out. Flatmint strictly follows this timeline, protecting you from potential legal claims.

Trust Flatmint with Your Deposits

Our meticulous, transparent approach helps you avoid disputes, ensures legal compliance, and maintains good tenant relations—giving you peace of mind.

Connect with Flatmint today to manage your property the right way.