A tenant has vacated a property leaving significant damage beyond normal wear and tear. The estimated repair cost is $3,500, but the bond held is only $2,000. What is the most appropriate course of action for the property manager?
Correct Answer
B) Claim the full bond and apply to the tribunal for the remaining amount.
When damage exceeds the bond amount, the property manager should claim the full bond for legitimate damages and then pursue the tenant through the relevant state tribunal for the remaining amount. This follows proper legal process and maximizes recovery while protecting the landlord's interests.
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