Security Deposit Refund Estimator

How to calculate your security deposit return?

The return is calculated by subtracting estimated cleaning fees, repair costs for damage beyond normal wear, and any outstanding financial obligations from your initial deposit amount.

Formula: Refund = Total Deposit - (Wear Factor + Cleaning + Repairs + Unpaid Dues)

Example calculation

Consider a $2,000 deposit for a property in Good condition with a $150 cleaning fee and $200 in minor repairs.

Step-by-step calculation:

• Baseline Wear: $2,000 * 5% = $100
• Total Deductions: $100 (wear) + $150 (cleaning) + $200 (repairs) = $450
• Final Refund: $2,000 - $450 = $1,550

Frequently Asked Questions

What is considered normal wear and tear?

Normal wear includes minor carpet fading or small scuffs that happen naturally over time. Landlords generally cannot deduct for these.

When should I receive my refund?

Most jurisdictions require landlords to return deposits within 14 to 30 days after the lease ends, along with an itemized list of deductions.