Summary
This article explains how security deposits are processed after a lease ends, including timelines, reconciliation details, and what tenants can do to help ensure a timely return.
When to use this
Use this guide if you are:
Waiting for the return of your security deposit
Moving out of a Green Residential property
Reviewing how deposit deductions are handled
Confirming timelines required by Texas law
Overview
Green Residential is committed to processing and reconciling security deposits as efficiently as possible. We understand that tenants anticipate the return of their deposit and appreciate your patience while the required steps are completed.
The reconciliation process involves several components, including property inspection, damage assessment, and account review, all of which must be completed accurately.
Texas Property Code Guidelines
In accordance with the Texas Property Code, any remaining balance from a refundable security deposit or pet deposit will be mailed within 30 days of lease termination.
This timeframe allows for:
Inspection of the property
Identification of damages beyond normal wear and tear
Completion of necessary cleaning
Final account reconciliation
Detailed Reconciliation Statement
If any portion of the deposit is applied toward damages, cleaning, or outstanding account balances, a detailed reconciliation statement will be provided.
This statement:
Is approved by the property owner
Itemizes all deductions
Explains the reason for each deduction
The goal is to provide full transparency regarding how the deposit was applied.
Helping Ensure a Timely Return
To avoid delays in processing your deposit, please ensure the following:
Your forwarding address is current and submitted through the tenant portal
Your banking information is entered in the tenant portal, if applicable
Providing accurate and up-to-date information helps expedite delivery of any funds owed to you.
FAQs
Q: When will I receive my security deposit refund?
A: Any remaining refundable balance will be sent within 30 days of lease termination, in accordance with Texas Property Code.
Q: Will I receive an explanation if deductions are made?
A: Yes. A detailed reconciliation statement will be provided if any portion of the deposit is withheld.
Contact us
If you have questions about your security deposit, reconciliation statement, or required information, contact Green Residential support for assistance.