Security Deposits For Leases Less Than 100 Days
Generally in the Nantucket Short Term Rental market, security deposits are calculated to be 10% of the total rental amount of a lease. If there are special circumstances that would require a higher security deposit for your home, just let our office know and we will make a note for future leases. Our lease contract specifies that a security deposit must be returned to the tenant within 60 days of check out. If there are damages or other charges to be withheld from the security deposit return, you will need to provide an itemized list of expenses, including invoices or receipts to the tenant, within 45 days. We are here to help in this process so please feel free to reach out to your rental agent for assistance communicating this with a tenant.
Security Deposit For Leases More Than 100 Days