Frequently Asked Questions for MoveZen NC Residents & Those Considering Our NC Rental Homes
Select A Group to Find Helpful Questions on That Topic
Unlock the Full Potential of Your NC Rental Experience with Our Custom GPT for Residents: We trained this GPT with critical state documents, not company information. Documents such as NC Landlord Tenant Law, Questions and Answers on Security Deposits, Accounting Guidelines and more. Get comprehensive answers to your residential questions and learn how to ask the right questions to improve your living conditions. Whether it’s about your lease, maintenance tips, or community amenities, our tool will guide you to a better rental experience in NC. Moreover, our proprietary FAQ, containing hundreds of expert responses, is an excellent resource for resolving any additional queries and enhancing your overall rental experience.
Please bear with us on typos and missing questions. It’s hard to over state how much this business changed in 2020, and we’ve had to work on updating literally every policy we had prior to that.
General Help Topics
Submit a help ticket. Even if you just want confirmation or a second opinion, just mention what it’s about and we’ll try to get you taken care of. Thanks!
We take fire safety very seriously. We will change the 9-volt batteries in your smoke detectors before move-in, however it is your responsibility to make sure batteries are always functioning well, especially at move in and that includes changing them at any sign of trouble. The lease stipulates that you will properly ensure batteries have been changed at move in.
We are (MoveZen), we’ve rebranded to represent a much more dynamic and customer focused company
When an industry drastically changes it would be an obvious mistake if the company didn’t change as well. We embarked on an evolutionary process in 2021, and the toughest and riskiest phase is largely complete. We are now a modern company, fundamentally designed to thrive in a post-COVID rental housing world. We are dynamic and responsive but focused. Above all, we’ve laid the groundwork to separate and simplify staff knowledge and duties significantly by adding two new divisions, operations, and technical support.
Activate Your Account Online
You’ll receive an Online Portal Activation email or text message from your property management company. Click Activate Now in the email, or tap the link in the email, or tap the link in the text message to establish a strong password to activate your portal.
You can also self sign up for the Onli
ne Portal at victoryre.appfolio.com.appfolio.com/connect. Click Request access to the portal and input your information. The URL is unique to your property manager, but you may be able to find this on their company website or reaching out to your property manager directly.
Bookmark, create a shortcut icon for the login page or download the mobile app so it is easy to return at any time.
You will receive a confirmation email once your portal is activated.
Occupied Home Visits, Re-Rental Showing & Access Questions
Yes. Dog bites are statistically the most likely way for our staff to get injured and animals are unpredictable in their own homes.
It’s very clear in the lease this is always required, but we are mainly concerned with the time we are in the home.
We’ve also had cats slip out. Our staff, and especially vendors who are often in and out grabbing tools, simply cannot be relied on to keep your pet safely in the home. While work is being done cats can get injured.
Other types of pets are even more unpredictable and at risk of those issues and more.
Do your pet a crucial favor and keep them safe while we knock out what is usually at most a twice-a-year owner requirement, and of course, during those maintenance inconveniences we all deal with.
Before the door is opened to invite a vendor or staff member into your home, all pets should be safely crated.
It’s imperative to understand a crate is always required. The nature of these visits means a door could accidentally be opened, and we cannot have our staff’s safety, nor the safety of your pets in a position to be so easily compromised.
All pets should stay safely crated until the vendor or staff member has communicated that they are complete and leaving. They may miss you, and you’re welcome to text for confirmation. Also, our third-party vendors will be less drilled and trained on this method, so again to be certain in the face of any doubt please text / call them.
We use a three-part management system to deal with the added complexity since COVID.
Your account manager is your customer service expert, advocate, and the person best suited to help you with any problem aside from something physically on site.
Our operations, or field division handles home visits and most of our various in-the-field tasks. As you might imagine that adds efficiency and expertise at both phases of the process.
We note in the question on rescheduling that operations will first try to schedule a simple quick visit by text and email. They attempt twice and if that doesn’t work out for any reason they send it back to the account manager to handle from there since that is their primary role.
It’s much easier and smoother though if you’ll let operations run through this process on their schedule. Ironically the residents who are most concerned with how this process plays out are the ones who end up making it a legitimate hassle for themselves.
All of our staff are background checked at hire and deeply committed to being an important part of a company that tries hard to deliver a one-of-a-kind experience.
We also have a technical support division you may hear from at times for something like say a portal reset or a general email to the company.
No problem! Our policy is to have our operations division try to schedule the first two appointments with simple text and email. 95% go smoothly in this manner and are completed with all sides happy within a few weeks. If that doesn’t work we pass it to your account manager to handle.
We will always report to our owners on the condition of their homes whether you’re moving out or not. They need to know about how much a re-rental process will cost them.
If we haven’t completed our inspection within 30 days of our first attempt you will be sent a notice to vacate when your lease ends, which is usually 90 days away at this stage. There will be a sizeable added fee to renew after that, and the odds of it happening decline dramatically. We don’t let concern about move-outs affect how we handle much because we’re exceptionally good at filling our homes. If you are making this process a pain you risk not having the option to renew, and we use this approach for a very small but vocal subset of our residents.
No one likes to change their oil but they do it without complaint. This is the same thing. We will report to our owners, it is expressly allowed without exception in your lease, and we have aggressively enforced it in the past with ease.
Let’s not play a fruitless game and instead make it low-stress with a speedy usually very convenient and discreet process.
No, you don’t have to be home, but you can be if you require. We do them all the time with a key. It’s possible we don’t have a key, that was a big issue during COVID and if not we’ll throw you a $10 credit to provide us with one. You can hide it and we’ll pick it up on arrival.
Our staff are background checked at hire. We also train them from day 1 to assume they are always on camera, and they do. That alone is a powerful safety mechanism.
We discussed the actual inspection policy and how we usually don’t go in bedrooms (not a guarantee see why might my inspection be expanded) in other questions and that is also an effective method to make this process less of a pain, or risk. There’s no reason for our staff to linger in any home unless we find an active water leak or something clearly obvious in photos that need to be immediately addressed, and they are required to notify the general office channels if that occurs.
We also have a great team. Still, you can never be too safe so before anyone ever steps foot in your home please safely lock up and hide valuables and heirlooms. You want to be safe and discreet, especially with the most important things.
Yes, $75. More importantly there’s a good chance that will end up with a notice to vacate. To reverse a notice to vacate, if possible, requires a much larger fee.
You can reschedule with a text message. Use it please.
A no show includes less than 1 hour advance notice of cancellation.See how we handle multiple cancellations in other questions.
No. This process is already one of the most resource intensive that we do, and limiting miles driven is truly one of the top focuses for our operations division.
In an inflationary environment, you have to be efficient and minor inconveniences in the field cannot pile up or they become major, relentless costs. We finalize our task on arrival no matter what.
You should therefore always be prepared that a home visit will be completely expanded. We outline a multitude of ways to prepare for or completely head off that happening and most do.
If you aren’t caring for the home though there are no options and we will limit discussion completely.
Yes! That is one of the best benefits of how we do things.
See the question on reporting normal wear and tear for more details. That is a less clear issue.
Your lease specifically says you must report full maintenance items to us immediately. If you don’t we don’t take it personally, but the owner probably will.
The main reason people don’t report maintenance is to “not be a pain” and that often stems from not wanting to have your rent increased.
That is admirable, and we try very hard to point that out when this issue arises, but at that point, their emotions are running high and it is too late.
We can have our cake and eat it too. If you keep a solid dialogue with your account manager (or submit a help ticket if you feel they may not be hearing you) we can report minor wear and tear and maintenance in a favorable light when it is completely on our terms. Again the emotion is not running high, and the process goes smoothly. It’s usually in the context of a whole home report, which is why we spend most of our time looking for costly exterior issues like rotten wood and pest problems when we do home visit reports.
Not demanding repairs will help motivate owners not to jack up the rent, but that is not the same as not reporting them. That’s the key point. If you don’t care about having it repaired tell us, and that will completely disarm the owner. Some owners insist on repairing things. We know that is often not your favored outcome. Let us know and we’ll try, but it is ultimately not in our control.
We are not implying you should not have things repaired but it’s common sense that a large amount of trivial costs will always motivate an owner to raise the rent.
Another aspect of cost is frequent visits. If we send a vendor to your home three times a year for a multitude of needs versus 8 for that same number of needs, the cost will be much lower. Not only that the estimates, approvals, and repair discussions that tend to stress owners out and make them less willing partners also increase dramatically.You’re right to think that maintenance is a touchy subject, but take our guidance on how to best handle it and things go much more smoothly. This method we’ve outlined is effective at both limiting your inconvenience as well as renewal and move-out challenges.
Yes! That is one of the best benefits of how we do things. We try to make these home visits a benefit to you, and very few things are a bigger benefit to you than documenting normal wear and tear. We’ve had decent owners lash out (legally very hard for us to control) at great residents who’ve been in place for years because there was a fair amount of maintenance at move-out.
Despite the fact they reported almost no maintenance the entire time they were there. We try to explain that isn’t the worst thing, but the move-out process is so emotional for some owners that it’s a lost cause.
We need to make sure we’re legally covered, but also emotionally prepare owners long before the move out occurs. The issue of wear and tear is a relatively clear-cut and well-documented matter. The problem arises when owners are forced to deal with “the whole picture” after move out, and the costs to rectify them all in a short period.
Also if we send photos after several visits of something wearing down quickly over time, it completely disarms their ability to complain and especially levy charges.
This is a service a lot of residents fail to take advantage of. Move-outs and deposits are the worst part of our business without question. We build these procedures specifically to try to limit that for you (and us).
Take advantage of it. Even if you aren’t going to be there direct us to it when you confirm the visit.
While not as effective, you can always send us reports and photos of something you consider to be wearing down more quickly than expected.
Let us send photos of broken or worn things with every visit report and your move-out will go much more smoothly, bottom line.
See the question “why might my home visit be expanded?” for a lot more detail.To summarize, if we arrive and the home is in great shape, 99% of the time we snap a few very general photos of the interior, do a thorough exterior report because that helps tie the owner to the reality of normal wear and tear, and then we’re on our way.
A very convenient process for all. In offices where we have a full operations division they’ll even be offering small free services like an HVAC filter or bulb change. That will one day be standard procedure and is being tested now.
All home visits run the risk of being expanded if we find photographable problems in the initial areas we check. For example a wet spot in the living room ceiling is often coming from the primary bathroom sink, and we would need to go through that room and spend time in the bathroom cutting off the water. Or simply hunting for whatever is above the water spot so we know what vendor to dispatch.
A good way to avoid a surprise is to thoroughly report anything along those lines to your account manager, with great photos, well before the scheduled day.
A lot like bread crumbs we follow issues if we find them. If we find water damage on the first floor, it might be from the ceiling, attic, a bath, or more and we would have to hunt that down immediately. Of course, it should have been reported on your schedule and still can be.
If we see clear issues in the common areas that are clearly pictured and will lead a reasonable owner to demand more information, we will have to expand the scope.
The most important point is that you must be prepared for a full inspection to happen as it could with no additional notice.
If we see one minor stain on a living room floor for example, that probably won’t be an issue. If we see several that would be and we’d need to know the overall carpet condition throughout the home. If there are drawings on several walls, we’ll have to know if there are drawings on other walls. (If they’re washable just mention that in advance, and you can leave a note as well). We’ll have to check every room, including bedrooms and bathrooms. Essentially the whole home including closets for particularly bad situations which rarely occur.
We avoid closets in particular as much as possible and you are welcome to keep them closed.
We will photograph any room with visible issues. Paint, carpet, pest, windows. All water damage and pest issues in particular, and that at times requires us to go inside cabinets and closets.
We’ll have to check every room, including bedrooms and bathrooms. Essentially the whole home including closets for particularly bad situations which almost never happen. We avoid closets in particular as much as possible.
We will photo any room with visible issues. Paint, carpet, pest, windows. All water damage and pest issues in particular, and that often requires us to go inside cabinets and closets.
We tend to spend more time outside since privacy isn’t in play, and rotten wood, roof issues, and pest issues are some of our biggest concerns.
The most important point is that we specifically inspect windows and door frames for water intrusion, so close blinds before we arrive.
When possible we knock and meet with you before doing our exterior report, but it’s possible you might miss the knock / bell and should be prepared to see someone poking around outside around the scheduled time.
We spend a lot of effort on the exterior portion of the home visit. Water intrusion, wood rot, erosion, and pest access can all get very costly fast, and that stresses owners out which is bad for us both.
This also allows us to report an interior report which is usually glowing, alongside an exterior report that almost always shows a consistent decline in condition because the outdoors are hard on materials.
The idea here is to juxtapose how great their resident is maintaining the interior, while the exterior which is well outside their control (usually and for the most part) marches toward inevitable costs.
Of course, there are interior costs but they are usually minor and a lot less likely to stress owners out when provided with the perspective that things degrade with time, and that is part of being a rental investor.
Since privacy is rarely a concern around the yard, we are more likely to poke around and linger. If there’s a concern with that please let us know in advance. Please be aware though that they will be walking by first-floor windows and inspecting them for water intrusion.
As with the interior of the home, pets must be safely crated if outdoors as well.
We’re an extremely safety-conscious company. To be clear your lease makes this your responsibility since we don’t want to rely solely on any one person, including our staff.
We feel redundancy is important with such a high-stakes issue, and we like to test the system out as well.
We understand that due to sleep patterns and pets that can be a major inconvenience and that is fine. In those instances, we require that you do your own test and report the results to us before we arrive.
Not typivally no. We especially want to avoid closets but a crucial point is that any inspcction, could result in a full housing condition report if we find problems. Water damage in particular is often coming from under a sink, and obviously we would need to investigate that and take photos.
No. If water appears to be originating from a closet (almost unheard of) we would still enter the closet. We don’t need to look in them for problems though in large part because they are rarely the source of problems like water leaks etc.
If there’s some water damage under the sink it would be a great idea to leave it open. That’s very common, and probably already documented so we just want to keep reminding the owner with a quick photo.
We don’t want to infringe on anyone’s privacy. We have a proven track record on that topic.
However, if we can’t competently keep an owner informed regarding what is often their biggest investment by far, we are not doing our job and they will find someone who does every time.
So rather than let it be a pain, we try to outline a very convenient process.
For those who still push back, obviously, we explicitly outlined our right to “reasonable notice right of entry” and you can find it in your lease along these exact lines (states and years vary a bit but not materially).
There are no exceptions noted, which means no matter what your situation may be, we have a legal right to know the situation in the home. Bottom line. While we often get a lot of pushback on this, no one has ever actually tested us in court because it’s such an obvious issue, so let’s just save the push back and it is a much more pleasant process.
If you delay our home visit process more than 30 days our company policy is to issue a notice to vacate for the end of your current term. That is not your account manager’s decision.
We don’t renew leases ever without a relatively recent home visit report to the owner. This means we must have created a reasonable report while there, not just dropping by and not a vendor visit.
We don’t negotiate or handle minor maintenance if we are struggling for reasonable access and it will eventually end in eviction if extended past 60 days at most.
Move Out, NC Security Deposit, Normal Wear & Tear, Depreciation
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ if your agreement with the landlord is to rent his property on a week-to-week basis, your
deposit may not exceed the equivalent of two weeks’ rent. If you’re renting on a month-to-month basis, your deposit cannot be more than 1 1/2 months’ rent. And, if your rental period is greater than month-to-month, your deposit cannot be more than two months’ rent.
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ Yes. In addition to the security deposit, your landlord may also charge you a non-refundable fee if you plan to keep a pet in the property or on the grounds. The “pet fee” can be any “reasonable” amount that the landlord wishes to charge. If your pet damages the property, the landlord may also keep all or a portion of the security deposit as necessary to repair the damage in addition to keeping the pet fee.
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ To ensure that your security deposit is safe during the period of your tenancy, State law requires the landlord or property manager to keep it in a “trust account.” A trust account is simply a bank account designated as “trust” or “escrow” that does not contain any of the
landlord’s or broker’s personal funds. The trust account must be maintained in a licensed and insured depository institution authorized in North Carolina. Within 30 days following the beginning of your lease term, the landlord or agent must notify you in writing where your security deposit has been placed (typically, this notifcation is given in the lease). If your security deposit is moved to a different bank or savings and loan during your tenancy, you must be notifed in writing of the new location.
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ If you stay for the entire lease term and you have paid all rent due, the landlord (or agent)
may deduct from your security deposit only the actual cost of repairing any damage which
you have done to the property. You cannot be charged for damage caused by “ordinary wear and tear.” What constitutes “ordinary wear and tear” must be determined on a case-by-case basis. For example, if you are the most recent tenant in the property, the landlord
cannot charge you to replace such items as carpet, plumbing, or appliances which need
replacement because they are old and worn out. In fact, you cannot be charged for even
contributing to the normal wear and tear of such items. On the other hand, if you caused the item to wear out because of your mistreatment of it, you may be charged for the amount of unusual wear which you caused (but not the entire cost of replacement). Ordinarily, costs for routine cleaning and maintenance (painting, carpet cleaning, etc.) may not be deducted from your security deposit. However, if you leave the property so filthy that unusual or extraordinary measures are necessary to clean or restore the premises, the landlord may deduct the cost of such cleaning from your security deposit.
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ To ensure that your security deposit is safe during the period of your tenancy, State law requires the landlord or property manager to keep it in a “trust account.” A trust account is simply a bank account designated as “trust” or “escrow” that does not contain any of the
landlord’s or broker’s personal funds. The trust account must be maintained in a licensed and insured depository institution authorized in North Carolina. Within 30 days following the beginning of your lease term, the landlord or agent must notify you in writing where your security deposit has been placed (typically, this notifcation is given in the lease). If your security deposit is moved to a different bank or savings and loan during your tenancy, you must be notifed in writing of the new location.
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ If you fail to fulfill your obligations under the lease, including your obligation to pay rent,
the landlord or agent may evict you from the property.
The court proceeding is known as “summary ejectment.” In addition to having you removed from the property, the landlord or agent may recover from you any unpaid rent, late fees, and, of course, the cost of repairing any physical damage which you may have caused to the property—but not damage due to ordinary wear and tear. In addition, if you leave behind any of your personal property (furniture, clothing, etc.), the landlord may also recover from you the cost of storing your property.
If your security deposit will not cover the landlord’s damages for unpaid rent, physical damage to the property, and storage of your personal property, you will be liable for payment of any remaining costs. If a civil judgment is entered against you by the court, it could adversely affect your credit rating.
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ Within 30 days after the termination of your tenancy, the landlord or agent must send you
either a full refund of your deposit or a written itemized accounting of any deductions along with any remaining refund amount.
Where the full amount of damage cannot be determined within 30 days, the landlord or agent must send you a written interim accounting of deductions claimed, followed by a final accounting no later than 60 days following the end of the tenancy.
So, it is important to give your landlord or agent a full forwarding address. If you cannot be located, the landlord or agent must hold any refund due for at least six months in their trust account.
If the landlord or agent fails to refund your deposit or make the required accounting, you can sue for recovery of the deposit and reasonable attorney fees. The failure to make the accounting as required under the Act is a forfeiture of the landlord’s right to retain any portion of the deposit.
Questions & Answers on: TENANT SECURITY DEPOSITS
https://www.ncleg.net/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_42/Article_6.html
As noted in the NCREC publication ‘Questions & Answers on: TENANT SECURITY DEPOSITS,’ If the landlord who collected your security deposit transfers ownership of the property to
someone else during the term of your lease, they must either refund your security deposit to you, or transfer your deposit to the new owner (after making any allowable deductions) and notify you in writing of the new owner’s name and address. In either case, your deposit must be refunded or notice given to you of the new owner’s name and address within thirty days of the transfer.
Likewise, if you have paid your security deposit to the landlord’s agent and the agent discontinues managing the property during the term of your lease, the agent must either transfer your deposit to the landlord/owner or, with the owner’s permission, transfer your deposit to the new manager. In either case, the agent to whom you paid your security deposit must notify you of the new location of your deposit and, if your deposit is being transferred to the owner, advise the landlord of their responsibilities to you under
the Tenant Security Deposit Act (NC Gen. Stat. § 42-50 et seq.).
As noted in NC G.S. § 42-51, Security deposits for residential dwelling units shall be permitted only for the following:
(1) The tenant’s possible nonpayment of rent and costs for water or sewer services provided pursuant to G.S. 62-110(g) and electric service pursuant to G.S. 62-110(h).
(2) Damage to the premises, including damage to or destruction of smoke alarms or carbon monoxide alarms.
(3) Damages as the result of the nonfulfillment of the rental period, except where the tenant terminated the rental agreement under G.S. 42-45, G.S. 42-45.1, or because the tenant was forced to leave the property because of the landlord’s violation of Article 2A of Chapter 42 of the General Statutes or was constructively evicted by the landlord’s violation of G.S. 42-42(a).
(4) Any unpaid bills that become a lien against the demised property due to the tenant’s occupancy.
(5) The costs of re-renting the premises after breach by the tenant, including any reasonable fees or commissions paid by the landlord to a licensed real estate broker to re-rent the premises.
(6) The costs of removal and storage of the tenant’s property after a summary ejectment proceeding.
(7) Court costs.
(8) Any fee permitted by G.S. 42-46.
As noted in the North Carolina Real Estate Manual, common examples of “Damage Due to Ordinary Wear and Tear” includes:
Worn or dirty carpeting
Faded or cracked paint
Dirty windows
Dirty walls
Frayed or broken curtain/blind strings
Leaking faucets or toilets
Small nail holes in walls (from hanging pictures)
Worn lavatory basin
Burned-out range heating elements
As noted in the North Carolina Real Estate Manual, common examples of “Damage Not Due to Ordinary Wear and Tear” includes:
Crayon marks on walls
Large holes in walls
Broken windows
Burned spots or stains on carpeting
Bizarre or unauthorized paint colors
Broken countertops
Filthy appliances requiring extraordinary cleaning
Exceptionally filthy premises (in general) requiring extraordinary cleaning
*note that this is not a full list of damage beyond normal wear and tear!
MoveZen Property Management would review the photos taken prior to the move in date, move in inspection form completed by the tenant at the time of their move in, and the move out inspection photos. Any documented pre-existing damage would not be charged to the security deposit at move out. We highly encourage all tenants to completely fill out their move in inspection form and return it to us within 10 days of their move in date for us to keep on file!
MoveZen Property Management has a ‘ Most Common Security Deposit Charges’ document that you are welcome to review that may provide insight into approximate charge amounts for various items. Please note that repairs are completed by independent vendors, therefore exact charge amounts may vary and would be dependent on the vendors charge to repair.
Dear Residents,
This checklist is so that you are aware of the move-out policy that will ensure your security deposit is returned in full, and we can quickly conduct an inspection and authorize the release of your security deposit post-move-out. MoveZen will conduct an inspection using the original inspection report that was provided when you moved in.
We do not profit, enjoy, or desire to charge tenant security deposits. We are however legally and ethically bound to see that the homeowner receives their property in the same condition it was given to us and you. If we determine a charge is necessary, it will be with much distaste, we assure you. However, as a renter, you accept the responsibility to return the home in the same condition that it was provided to you.
If there is damage you are unsure of how to rectify, please ask us and we will assist you! We often have great tips for problems that could help.
Before returning keys on your move-out date, be sure to complete the following:
Balance per Tenant Ledger
All rent and other account fees MUST be paid in full as of your move-out date.
Renters Insurance
You must have an active renter’s insurance policy through the last day of your lease but don’t forget to cancel or transfer your insurance policy to your new home on your lease end date.
Utilities
Do not disconnect utilities without notifying our office first. Busted pipes will be your responsibility.
Debris
All personal property, including furniture, motor vehicles, and all other items not on the property when you moved in, must be removed from the home and surrounding property. Anything left behind shall be regarded as abandoned and may be destroyed, hauled away or otherwise disposed of at your expense.
All trash must be removed from the property, and trash receptacles must be empty.
Any debris present in a fireplace (if applicable) must be removed.
Appliances
The refrigerator ice bucket must be emptied, and the ice maker must be turned off.
All appliances must be clean on the interior and exterior, defrosted and plugged in, and running at normal settings.
Stove drip pans (if applicable) must be replaced.
If a washing machine was not provided with the property, the hot and cold-water hookups must be shut off before your machine is removed.
Dryer vents must be cleaned.
HVAC
Set thermostats to 60 degrees if you are vacating October-March, and 78 degrees if you are vacating April-September.
Replace all HVAC filters in the property. If any excessively dirty HVAC filters are present, it will warrant an HVAC service call to remediate at your expense.
Drywall/Paint
Do not attempt to touch up paint on the interior or exterior of the property.
Any unauthorized paint colors at the property must be returned to the original paint color prior to move-out.
Do not attempt to patch any small nail holes. Only professionally patch repair holes larger than a small nail hole such as holes from TV mounting, shelving, etc. Unprofessional wall patching jobs will be repaired at your expense.
Window Coverings/Window Screens
Any drapes/curtain rods/blinds present at the time of your move-in are required to be present at move-out and in good repair. They must be firmly fastened and properly hung. Any broken window coverings will be replaced at your expense.
Any damaged window screens present at move-out that were not documented as being present at move-in must be repaired or replaced.
Light Bulbs
Replace any burned-out light bulbs.
Plumbing
All plumbing drains must be free of clogs and flowing properly.
Garbage disposals must be free of debris.
Cleaning
The entire property must be clean and all trash removed.
Carpets MUST be professionally cleaned, and a receipt provided to MoveZen.
The property must be free of pest infestations. If there are pests present at the property after your move out, the pest service will be charged to you to remediate.
Doors/Windows
All windows must be locked at the time of move-out.
All doors must be locked at the time of move-out.
Exterior
Outside hoses must be disconnected and stored.
Grass, flower beds, and hedges must be in decent condition and mowed/trimmed.
All leaves/debris must be removed.
Concrete surfaces must be free of oil/spill stains.
Forwarding Address
Please provide your forwarding address if you have not done so already no later than your move-out date. Also, be sure to set up mail forwarding with USPS to ensure you continue to receive all mail addressed to you.
Key Return
ALL keys/passes/remotes MUST BE returned to MoveZen on your move-out date, including but not limited to house keys, pool keys, mailbox keys, parking passes, etc. If you will be returning items outside of business hours via our dropbox, please ensure all items are properly labeled with the property address.
Once keys are returned, you will not be allowed to take additional steps to avoid a charge. Owners expect us to move quickly on addressing these items and relisting, so waiting on a tenant to have them taken care of is not an option. We will document extremely well with photos, and report within 30-60 days if there are issues.
If you received a partial security deposit refund, we require that deposit correspondence take place in writing. Please submit the following form:
Your security deposit refund will be mailed to the forwarding address you provide at the time of move out. If there are deductions to the deposit, an itemized accounting statement will be included with the refund check.
Lawn damage, drywall damage, and flooring damage are frequent damage we see at the time of move out. Remember that we utilize independent contractors to complete repairs, and these items can be very costly to repair! It is important to always adhere to the lease agreement and return the property in the condition it was provided to you!
When your security deposit is finalized by MoveZen Property Management, an itemized accounting and security deposit refund check (if applicable) will be sent out by mail. It is important to provide us with your forwarding address timely so we can be sure to mail these items to you at the appropriate address!
Great question! After the move out inspection is conducted, we would then need time to thoroughly review any pre-move in photographs, the tenant’s move in inspection form, as well as the details from the move out inspection. We will then secure a vendor to quote repairing any tenant caused damage beyond normal wear and tear, unless the property owner will be securing quotes/repairing the items themselves. After our review and retrieval of the estimates, a broker in charge will finalize any deposit charges (if applicable) and then we will discuss those amounts with the property owner. This process does take a bit of time when there are damages present beyond normal wear and tear! Rest assured we will work to complete this process as quickly as possible!
Great question. There are some gray areas as lifespans of particular items are different, and the pre-existing damage must be taken into account. We always adhere to generally accepted property management principles and in this case, we would do our best to have our vendor calculate the cost to repair the damage you caused only, not including the damage that was pre-existing.
As a renter, going through a property move-out can be a stressful time. There are many details to remember for leaving your rental in good condition and complying with lease terms. It’s easy to overlook certain cleanup or repair tasks, but failing to properly prepare the unit before turning in the keys could end up costing you. As the resident of your home, it is your responsibility to return the property to MoveZen Property Management in clean, fair condition.
To get your full deposit back, you need to thoroughly clean the property, make any needed minor repairs, and correct any damage beyond normal wear and tear. Here are the top trouble areas to pay close attention to before move-out:
Scrub Those Appliances!
Oven and refrigerator interiors tend to accumulate significant grime, stains, and spills over time. These require some heavy-duty scrubbing rather than just a quick wipe-down. Use a strong oven cleaner to tackle baked-on grease and food residue in the oven and cooktop. Remove the oven racks and clean them separately. For the fridge, wash all shelves, drawers, and compartments thoroughly. Don’t forget the freezer too! If appliances aren’t cleaned properly, we will hire a cleaning company to do these tasks. With rising costs, this could be several hundred dollars.
De-Grime the Bathtub and Showers
With frequent use, showers, tubs, and tile walls easily accumulate soap scum, mildew stains, mold, and more. Applying bathroom cleaners, allowing them to soak in, and scrubbing extensively will be necessary to remove buildup. Use a grout brush and/or toothbrush to clean grime from tile grout lines. Leaving dirty showers or tubs is a surefire way to lose some of your deposit to intensive cleaning fees.
Patch Holes Appropriately
It’s understandable to want to patch up small nail holes yourself before moving out. However, improperly filled holes that weren’t smoothed and blended into the surrounding paint can create bigger problems. Once painters try to cover messy DIY patches, it often requires extensive sanding, re-patching, and added coats of paint to fix – racking up extra charges. For the cleanest finish, it’s best to leave minor holes for professional patching after you move out.
Maintain the Lawn Regularly
Don’t let the landscaping get away from you near move-out time. Expect fees for overgrown lawns, weedy flowerbeds, overhanging tree branches, and bushes in need of trimming. Keep the lawn mowed, foliage trimmed back, and vines cleared through your final month. Residents are responsible for keeping the yard in a similar condition as when they moved in. Letting it get unruly means hiring crews to whip it into shape again.
Replace Burnt Out Lightbulbs
It may seem trivial, but leaving burnt out lightbulbs can create expenses. We will need to replace bulbs in all fixtures so the property shows well for future tenants. Check for dead bulbs in fixtures throughout the house, patio, garage, and exterior entries. Replacement bulbs are an inexpensive item easily taken care of before move-out.
Change HVAC Filters
Air conditioner and furnace filters should be changed bi-monthly to maintain proper air flow and ventilation. Dirty, clogged filters make systems work harder and run less efficiently. If the filter looks excessively dirty at move-out, expect a maintenance call to clean the HVAC unit at your expense. MoveZen will personally deliver filters to your door quarterly so there’s no need to forget or stock up! It is the resident’s responsibility per their lease to change these.
By thoroughly cleaning, making minor repairs, replacing burnt out bulbs, and attending to the lawn, you can return the rental property in prime condition. This ensures you get your full security deposit back with no surprise deductions for issues you could have addressed yourself. Be proactive, follow your lease requirements, and avoid move-out headaches down the road. With some extra elbow grease, you can move on from the rental smoothly and get off on the right foot when it comes to getting your deposit refunded fully.
This article from a major metro newspaper sums up the issues at hand best. The short answer is that duct cleaning is unlikely to solve most problems. It’s typically meant to address obvious issues such as a pest infestation, or mold from being left inoperational for long periods. They mention that ducts are usually one of the driest parts of a home, and mold is actually very rare
The EPA has found no improved air quality in the vast majority of circumstances in their research
The link below is very detailed and well written, but if it no longer works here are some portions
Although duct-cleaning operations may insist their services are essential for your health, the evidence doesn’t support their claims.
Dust that settles in your ventilation system generally stays where it is. Unless disturbed, it remains inert and harmless.
“Duct cleaning has never been shown to actually prevent health problems. Neither do studies conclusively demonstrate that particle (e.g., dust) levels in homes increase because of dirty air ducts. This is because much of the dirt in air ducts adheres to duct surfaces and does not necessarily enter the living space… Moreover, there is no evidence that a light amount of household dust or other particulate matter in air ducts poses any risk to your health.”
EPA
Cleaners might damage your ducts
If the vacuum pressure isn’t applied carefully, some of the dust that settled in the ducts will be loosened by the agitation and blown into the living space after the cleaning. (This explains the results of the Canadian study in which particle levels rose immediately after a cleaning.)
Many homes now have flexible coil-style ducts — the kind that look like a Slinky — which are vulnerable to being punctured by duct cleaning work.
In general, consider duct cleaning only in response to specific identifiable problems. The EPA suggests doing it only if there is visible evidence of:
Substantial mold growth
Infestation of insects or rodents
Substantial deposits of dust or debris (if registers were not sealed during a renovation project, for example)
https://www.inquirer.com/consumer/air-duct-dryer-vent-cleaning-recommendations-20230131.html
NC Lease Renewal, Extension, Negotiation
Renewing our great residents, or as we call it “doubling down on your proven winners” is one of our company’s biggest priorities. We invest heavily in the process, including non-stop nudging to get our rental owners to understand how being reasonable and flexible with this approach is not only a win-win, but highly profitable for them in the long run since MoveZen considers turnover of any kind (staff, great residents etc) to be one of our biggest challenges to consistently delivering amazing service and results.
We are 100% in your corner on this, but it isn’t our decision. It’s a negotiation with the owner plain and simple, and we’re your advocate both because we will go to bat for great residents, and because it’s smart business. We’re in this together, work with your account manager to work out a mutually beneficial agreement.
If we aren’t honest with you, you will know. If we aren’t honest with our owners, they will too. So we give them our honest opinion regarding what a home would likely get on the open market. Then, we launch into a major accounting and faq response to outline that market rents mean little if you already have a great resident. You always renew them at a reasonable discount if they are willing, and we leave no doubt that’s our recommended policy. We hope to have you back and being helpful, not just cooperative at this stage, especially regarding our ability to report the housing condition to the owner is crucial. See our FAQ on home visits here.
–
–
Our leases require 60 days notice to end, and we don’t do a lot of month to month. We like long-term consistency and plenty of time to operate. It’s not always easy delivering exceptional service so the more lead time you have to prepare for a unit turnover (an extremely costly event and one of our toughest challenges), the better. It’s really only 30 days sooner than the most common notice period.
However, we begin this process 120 days before your lease end date. Why? Because we first have to get a few photos of the home. We call this a home visit, and we are as respectful as we can be about your privacy. Those details can be found here. As you might imagine though, an owner in Northern Virginia will want to be confident their home in Greenville South Carolina is being well cared for before they extend the lease for a longer period. The good news is that this is normally a very simple process where we take a few photos of the common areas and we’re done. We also need to be able to give them a rough estimate on the cost of turning the home over and putting it back on the market because as you might imagine wtih every move out they consider selling the home. If they have a costly turnover on the horizon they need to know that. In fact, that usually motivates them to renew at better rates if the issue is simply that you’ve been in place a long time. Many owners will take a good bit less to avoid that process.
That puts into perspective what a major decision this is. Add to it that residents often take their time before getting us in to see the home even though we make it clear that delays tend to lead to less appealing offers from the owner and you start to see why 60 days can blow by fast. We need that time to make sure you’re happy with the pace, and the owner is too and that’s a delicate balance.
It’s the owners decision and most likely their direct offer but we can try to negotiate it more on your behalf. Give your account manager details that might help them to convince the owner. As we note above, we want you back and will try hard if we have something solid to present. Very few owners though will take a rate way below market rent and inability to pay is usually not the kind of what’s in it for me explanation that will change their minds. Bashing the property or their repair decisions will backfire also. We normally need to point out some economic reason such as you will sign a two year lease and that will save them the cost of a hefty turnover for quite some time.
Or, if you find homes on the market that are cheaper we can show the owner that you have very viable options, and that even if we relist the home we still probably won’t get much more rent. Both of those approaches can be very effective.
Yes but not with us, we’re just your advocate. The owner is legally 100% entitled to make all of their own decisions. We negotiate on your behalf, but you aren’t negotiating with us. Help your account manager present the best possible case.
If we sent a formal notice to vacate because the deadline passed (often for other reasons also) then there will be a $395 charge included if we are to renew the lease. That’s not optional. Renewal offers simply won’t be sent if that charge isn’t included. We call this one of many fees we have that no one ever has to pay.
We had to enact this policy because post-COVID it became nearly impossible to renew our leases in a timely manner. As is usually the case if something isn’t working at all you have to create rules and charges to ensure you can properly function. It got very hard to get cooperation and there are legal contract deadlines in place so we had to ensure that residents knew at first contact that this was serious, and the deadline stands no matter what. Let’s move fast and early instead.
It is not. If the owner isn’t in agreement then they will have to pay it. If you contact the owner on this or any other issue you simply disagree with you will likely not be given any opportunity to renew your lease. Cooperate or find another property manager who doesn’t expend immense efforts to deliver a reasonable procedure you can be happy with. We do, so the bad or loud apples that tend to dominate these days get no exceptions because we can easily replace them. They are about 10x more likely not to get a renewal of any kind though. We stopped playing games in 2022 and for most of our owners and residents that’s a breath of fresh air.
We start this process 4 months in advance, there is no reason to delay such a crucial decision with so many different parties waiting for a long-term outcome.
The simplest way is to use the option inside your resident portal. Our renewal offers also have an option to give notice instead. Finally, any written and confirmed delivered notice method would suffice and a good general email to use is rent at movezen360.com. Be sure to include the address and your name. In some cases we’ll respond back with a more formal, clearly worded notice to vacate to make sure we’re all on the same page.
Great residents have to break leases all the time. We comletely get that and most of our owners do as well. We keep them legally in line either way and the process is very clear in NC. This though is one of the most technically complex issues we have to deal with as you often have prorated rent of varying amounts, multiple people making multiple payments and more. The most crucial point is that you contracted to pay the owner a set amount when you signed the lease (a literal dollar amount can be calculated from those terms) and that is what the owner must receive. So we replace you with someone willing to take over the rest of the balance due, similar to a loan assumption. If they won’t pay full price for the balance due (meaning the market has fallen which is common if you rented in spring but move out in winter) the difference must be made up. Rent must be kept current until we find a suitable replacement and because it is an immense amount of work we do have to charge a small amount for the process which is clearly outlined in state law as a fair and standard procedure.
The whole process is too complex to outline in a single question but here are crucial documents we use.
Yes, it’s a negotiation with the owner. Work with your account manager to present an offer they can’t refuse.
You simply give your notice to vacate and move out on the lease end date. Any changes to the lease are technically a renewal so the only “non renew” option is to move out on the date already listed on your latest lease or renewal.
It will be included in the offer renewal notes, and added to your balance due to be paid the same as rent and late fees. This is for the most part a late fee.
A standard move out is all that happens after that. Nice and simple.
It’s a negotiation with the owner. It’s debatable if now is the time to bring up a maintenance cost, but work with your account manager to craft the best possible presentation. We do not want to bait and switch anyone, so a large costly demand must be handled as part of the renewal, but if you just have a leaking toilet that we would fix anyways, it would be helpful if we address that after the owner has unloaded the stress of a potential costly turnover.
Of course if you “must” have something done, especially major you must disclose that clearly so we can make it part of the renewal offer the owner provides you. Basicallly, the rate will be this, and the kitchen faucet will be replaced within 30 days of signing.
There are very few requirements for renewals. An owner or resident can opt not to renew for any reason or none at all, and they will move out on the last day listed on their most recent lease or renewal. Nothing at all additional is needed. The act of renewing is when legal issues get nailed down, in the terms of the lease itself. Take our missed deadline fee of $345. Even if it isn’t noted in your current lease, we make it a condition of the renewal. Meaning the lease cannot be renewed without adding that term. It’s a negotiation and they don’t have a lot of legal rules.
Yes that’s our simple default process. Can be done written in person also.
The owner is expressely given this right by the state, and our management agreement. It’s how this buiness runs for better or worse. It is their house afterall. We’re your advocate but if we aren’t smart about how we go about that the owner will start to see us as your ally against them, and someone to be circumvented so it’s a delicate process.
A great account manager with negotiation skills can make a huge difference, there’s no doubt about that. Legally though we never have any. Work together with and coach your account manager to help them present the best possible offer.
A great account manager with negotiation skills can make a huge difference, there’s no doubt about that. Legally though we never have any. Work together with and coach your account manager to help them present the best possible offer.
A great account manager with negotiation skills can make a huge difference, there’s no doubt about that. Legally though we never have any. Work together with and coach your account manager to help them present the best possible offer.
A great account manager with negotiation skills can make a huge difference, there’s no doubt about that. Legally though we never have any. Work together with and coach your account manager to help them present the best possible offer.
A great account manager with negotiation skills can make a huge difference, there’s no doubt about that. Legally though we never have any. Work together with and coach your account manager to help them present the best possible offer.
No and if you contact them your are highly unlikely to get the option to renew.
Submit a help ticket and our leadership team will jump on your need soon. Thanks!
General NC Lease Questions
There are all types of reasons why tenants break leases, many of which are perfectly reasonable and understandable. While your exact reason may help us to sway the homeowner on minor decisions, in general the process is basically the same. In this handout we’re going to discuss the accounting, legal concepts, and personal concepts to ensure your early move gets you the best possible results.
Bear in mind, the state of NC has relatively clear laws for handling tenant deposits, and landlords can be aggressive when they fear a major loss, so at the end of the day we are mostly a middle man. We know the laws well and will make sure you’re treated fairly within them (despite aggressive landlords), but that’s the best we can promise.
You can find full details using this link here. If you determine this is the best approach for you, please submit a help ticket
Additional tips to help rerent your property quickly…
1. Keep the property in excellent condition, inside and out
2. Make showings as easy as possible, in every way
3. Put pets away during the day, or prior to any showings
4. Notify your manager of any points that may help us in marketing the home 5. Pack up as much as possible prior to listing the property. This makes moving easier in general. If you won’t absolutely need it for the next 30-60 days, pack it up and get it off the property or into the garage/storage. This includes furniture 6. Follow the guidelines we use for having owners prep a property for photos. Removing knick knacks, excessive photos, fridge magnets, thinning out furniture in general, all help with marketing. Request our “how to prep for photos handout” Misc tips…
1. Remove all small, or irreplaceable valuables from the house. We accompany on all occupied showings, but a few simple tasks can ensure an enjoyable experience
2. If you know of special issues that may help sway a potential renter, jot out a short note and leave it on the counter
3. Leave utilities on until we instruct you to disconnect. The day before the new tenant moves in
The pdf below is a great option for quick, at a glance details on how this process works. Yes you typically can if your account is in good standing, but it’s possible the owner might opt for a full move-out instead. That’s relatively rare
https://drive.google.com/file/d/1mamu8UpfvhPyk94SoXY7pWtxjAobt7HP/view?usp=sharing
Here is the document we typically use for this process. Please review it and ask any questions you may have
https://drive.google.com/file/d/14A1al9HGuz1WaauUgeMNfz6qBUfER6VE/view?usp=sharing
Yes. All residents will have a copy of their lease available to them in their portal account. Or you can request one from your account manager if you can’t find it
This article from a major metro newspaper sums up the issues at hand best. The short answer is that duct cleaning is unlikely to solve most problems. It’s typically meant to address obvious issues such as a pest infestation, or mold from being left inoperational for long periods. They mention that ducts are usually one of the driest parts of a home, and mold is actually very rare
The EPA has found no improved air quality in the vast majority of circumstances in their research
The link below is very detailed and well written, but if it no longer works here are some portions
Although duct-cleaning operations may insist their services are essential for your health, the evidence doesn’t support their claims.
Dust that settles in your ventilation system generally stays where it is. Unless disturbed, it remains inert and harmless.
“Duct cleaning has never been shown to actually prevent health problems. Neither do studies conclusively demonstrate that particle (e.g., dust) levels in homes increase because of dirty air ducts. This is because much of the dirt in air ducts adheres to duct surfaces and does not necessarily enter the living space… Moreover, there is no evidence that a light amount of household dust or other particulate matter in air ducts poses any risk to your health.”
EPA
Cleaners might damage your ducts
If the vacuum pressure isn’t applied carefully, some of the dust that settled in the ducts will be loosened by the agitation and blown into the living space after the cleaning. (This explains the results of the Canadian study in which particle levels rose immediately after a cleaning.)
Many homes now have flexible coil-style ducts — the kind that look like a Slinky — which are vulnerable to being punctured by duct cleaning work.
In general, consider duct cleaning only in response to specific identifiable problems. The EPA suggests doing it only if there is visible evidence of:
Substantial mold growth
Infestation of insects or rodents
Substantial deposits of dust or debris (if registers were not sealed during a renovation project, for example)
https://www.inquirer.com/consumer/air-duct-dryer-vent-cleaning-recommendations-20230131.html
No, we do not accept cash for any payments. All rental checks and money orders MUST be MAILED to our WILMINGTON office. Residents may also pay online via ECheck as well.
4002 1/2 Oleander Dr 1A Wilmington, NC 28403
If you are serious about needing to break your lease we have the latest technical information on that process available with a handout. This is a general overview that’s less complex.
This handbook is provided by the state of North Carolina, but is quite similar to the rules you’ll find in most other US states including Virginia and South Carolina. Use this handbook somewhat like a dictionary, but really use it! Put it in some safe, reliable place so you’ll be sure to have it when you need it!
Maintenance, Repairs, Service Calls, Troubleshooting
Common troubleshooting questions, to help minimize unnecessary extra work and meet Issue Resolution.
HVAC:
- What is the thermostat set on and what is the property temperature showing on the display? Is it on the correct mode, air or heat?
- Is it set within acceptable parameters to run? You don’t want it to overwork or freeze up. (Should be 2 degrees within goal temperature) Give unit time to catch up if need be.
- Is the unit blowing air at all, and if so is it cool air?
- Have they checked the breakers?
Air Conditioner Not Cooling Enough [2 Simple Checks to Do Yourself]
One of the most common issues is, bacteria growing in the drain, over time, organic matter, like food waste, will accumulate on the walls of the drain and act as a nutrient for bacteria to grow. The bacteria can produce a gas (sulfur) which smells like rotten eggs or sewage. Address this problem by following these steps:
Fill a glass with water from the sink that has the smell, then step away from the sink and swirl the water around inside the glass a few times. If the problem is in the drain, the tap water in the glass should not have an odor.
Flush and disinfect the drain by pouring half a cup of baking soda down the drain, then pour half a cup of vinegar. Wait 15 minutes, and then pour in hot tap water.
Bacteria growing in the water heater
-Bacteria growing in the water heater can also produce a rotten eggs or sewage-like smell. Frequently, this occurs if the hot water is unused, if the water heater is turned off for a long period of time, or if the thermostat on the heater is set too low. Generally, the bacteria that produce this problem are not a health threat, however, the taste and odor can be very unpleasant. To address this problem, the following actions are recommended:
Make sure that hot water smells, but cold water does not. Often, the smell originates from a magnesium heating rod in the hot water tank.
If the heater has a magnesium rod, a licensed plumber can replace it with an acceptable alternative such as an aluminum rod.
Not sure what your water smells like, but its smells wrong?
If you have city water, contact your water supply authority or county health department for steps on how to get your water professionally tested, and if needed, treated.
If you have well water, contact a licensed well driller or pump installer.
Do you have red, brownish, or water with sediment in it? Rusty looking color
-Causes and potential fixes
If only the cold water of a few faucets are affected by cold water – In most cases, this is a sign that there is rust or corrosion in your pipes close to those faucets. Try running the water for 10-20 minutes to see if it clears up, which would be the case if a small amount of rust broke off from inside the pipe. If the water doesn’t clear, you should have a professional plumber inspect your pipes, as they may need to be replaced before they corrode further or break.
If only your hot water is discolored – Odds are there is sediment in your water heater tank. To clear things out, drain and flush the tank, let it refill and heat up, then test the water again. If it’s still discolored, it’s time to call a plumber to take a look. (please reach out to your account manager)
If both the hot and cold water turn brown suddenly – This is a sign that the contamination is coming from the main water supply. Report the problem to your water company and find out if there was maintenance or repair work in your area recently.
Sources: https://quenchwater.com/blog/does-your-water-smell/
-Reichelt Plumbing
Toilet troubles are the main worry for renters. Luckily, most of them are not serious and last less than six hours.
To understand the functioning of the toilet’s flow, one can simply lift the lid and observe the process of flushing. Inside the tank, there are two prevalent mechanisms at work. The first type, commonly found in older models, features a sizable float that serves as an indicator, suggesting the need for a complete replacement of the flush and fill mechanism. On the other hand, the more contemporary design incorporates a plastic floating arm that moves vertically, facilitating the flushing process.
If the toilet is “running”
There are several signs indicating a water issue in a tank. One common sign is the sound of water being heard repeatedly, as the tank fills and shuts off only to refill again. Another indication is the presence of ripples in the tank. Additionally, jiggling the handle may be necessary to stop the continuous flow of water. These issues can arise due to a faulty seal on the flush valve that fails to close properly or becomes corroded. Another possible cause is water flowing through the overflow valve.
If the toilet is not flushing fully or is weak
To fix the issue, you can make a few adjustments. Start by adjusting the flapper and chain connected to the toilet handle. Open the top of the toilet tank and flush it to provide better access for adjustments and allow more water to drain before the flapper closes. If you have a newer model, look for a dial that can be adjusted. Additionally, adjust the float to enable more water to enter the tank. Lastly, double-check that the fill tube is properly hooked and aimed in the correct direction.
If there is a leak from the base of the toilet tank
A common cause of toilet leaks is a worn-out or corroded seal around the tank-to-bowl connection or the inlet valve. This can happen when tenants use fresheners in the toilet bowl, which can damage the seals over time. To repair the leak, the tank must be emptied, and the faulty seals must be changed. It is also recommended to replace the whole mechanism along with the seals, as a preventive step.
Three permanent solutions to toilet problems
When minor adjustments fail to provide a lasting solution to toilet problems, there are three primary alternatives to consider for a permanent fix: replacing the specific malfunctioning part, replacing the internal mechanism, or opting for a complete toilet replacement. Determining the most suitable choice depends on various factors, including the age and condition of the toilet, as well as the available skills and time for the task at hand.
Links to online resources:
https://www.bobvila.com/articles/toilet-repairs/
https://www.thespruce.com/repairing-common-toilet-problems-1824906
In the summer months, it may be more notable that the air conditioning units aren’t cooling to your satisfaction. Running the AC extensively can be a costly option over time, but it is not the only one. One of the simplest ways to keep your home cooler is to keep the sun’s heat out. Close your blinds and, if possible, use blackout curtains or shades.
This can significantly reduce the amount of heat that enters your home through the windows. In the instance that you live in a two-story home, try to prevent lower-level air from rising to the upper floors. Heat naturally rises, and a closed door can help trap cooler air downstairs where it’s most needed.
Every time a door is opened, some cool air escapes and warm air enters, in this case, try to minimize the number of times you go in and out of the house. Another trick for keeping cool air in is – use towels to block cracks under doors or by windows.
Check out this article that contains other smaller methods:
https://www.realsimple.com/home-organizing/how-to-cool-down-a-room-without-ac
This was always intended to be part of a broader resident benefits package that is largely in place now with details on the way soon. This includes free credit reporting which we consider to be crucial as a reward for those who pay on time properly (and to warn others for those who don’t).
Most of our move ins now enjoy a goodie bag filled with a large amount of move in type items that if purchased in small amounts are extremely expensive like cabinet and door bumpers, hercules hooks, cable ties and more.
As we make operations repair hires we’ll also be including an hour or two of free repair services each year and may be able to accomodate your request now. Just ask.
We are also trying to do a minor favor when we have to be there for a home visit. If one of our more capable staff members are there we encourage them to change your filter, test your fire system, or swap a lightbulb for you at no charge. Not all bring ladders and opt for this option but most do now.
More coming mid spring 2024.
—
The most important point to keep in mind regarding our HVAC filter delivery program is that it is an integral part of a broad strategy, to solve a huge new problem
Post COVID, residential maintenance has more than doubled, possibly tripled. That’s pure volume. The costs have gone up by a huge amount, and along with rents the stakes for every decision as well
It was painfully obvious to our company in 2020 that the “old”way of managing properties was over forever. Rents rose to enormous levels, and with them resident expectations
So we were faced with a two part problem. Exploding maintenance challenges, and dramatically more particular customers moving in and occupying our homes
We decided to roll out a dedicated operations division, to offer specialized and field support to our customer service managers, with the goal of enabling them to offer dramatically better quality, and types of services than in the past
No one has benefited more from our operations division than our residents, but owners have done very well also. A true win win
We are in the very early stages, but once fully rolled out to all locations we will truly be delivering industry leading management experienced across the board (relative to rental rate). We’ve already had immense success in early locations where operations often performs deeply valued free minor repair services for our residents when knocking out a home visit. A task we couldn’t justify if we didn’t have some offset in the costs
The HVAC filter delivery cost (to residents) is not optional, and it is not intended to reflect the base cost of the filters themselves. Again, it is a broad strategy to launch our operations division while offering a nice, reasonably cost service to our residents in the process. Since we’ve rolled out the filter delivery for example, our security deposit charges for HVAC neglect have fallen dramatically. Not all costs are all bad. We are investing back into this process, for the sole benefit of our residents and owners
Perhaps the most obvious benefit of our new endevour is that we will be able to do a lot more for ownes, for a lot less than in the past. That means homes that are in better condition from the get go, much faster and easier approvals, and more gets done when work is needed. It’s basic economics, if we offer owners a great service they’re more likely to use it and they have.
We’ve also invested heavily in improving our fire and CO and other saftety issue handling
In time we’ll offer deeply discounted repair services directly to residents as a perk of renting with MoveZen. A crucial service residents in almost any city could truly use
MoveZen is innovative and we hunt for win wins. If you’ll keep a open mind with us, you’ll probably see the results in our service though we are not perfect
——–
Do owners have to pay for the filter program? No
Can a resident opt out of the filter program? No
Can an owner opt out of the filter program on behalf of of their resident? (it’s a violation of our rules to contact owners, especially on this topic) Yes
Is it billed monthly? Yes
Is it delivered monthly? No, that would force us to charge a dramatically higher price. Presumably you can imagine that it’s not terribly profitable for us to drive all over the city delivering packages of very low value. Again that isn’t the purpose. It’s to help subsidize a field and operations heavy, set of staff who can respond to more needs, more quickly with special knowledge and training. Even still, monthly delivery would lead to a massive loss we couldn’t sustain. We deliver quarterly in the months of February, May, August, November, and we usually leave 2 sets depending on your move in or out dates
What if a delivery is missed? We take photos of drop offs so you will see us out front after a drop off taking one. If a delivery is missed though we usually credit for the missed months and pick back up with a timely delivery
HVAC Filter Delivery Service Addendum to Residential Rental Contract
Resident understands that the property owner requires that this property be enrolled in MoveZen’s
HVAC filter delivery service. MoveZen reserves the right to cancel or not provide filter delivery enrollment
and refund delivery charges at any time, or refund for any missed deliveries if applicable, but tenant will
still be responsible for changing filters bi-monthly or as needed.
Tenant consents to the following criteria regarding filter delivery – Contact us if you have special air quality
requirements such as more frequent changes or higher MERV
Subject to manufacturer standards and availability
A full set (one for each intake) of filters is required to be physically changed by tenant EVERY 60-75 days
Residential, commercial and student housing tenants and association homeowners can activate Online Portals to securely pay recurring charges (if you are enrolled in our online payments platform), submit maintenance requests, access shared documents and more. The Online Portal is accessible from any mobile device.
What’s in the Online Portal?
Explore the following pages in the Online Portal. If you do not see certain tabs it is because you do not have the user permissions to see related features in AppFolio:Home – Displays important information such as account balance, upcoming charges (from the 17th through the end of the month) and maintenance requests. Tenants will also see the option to purchase a renters insurance policy.Payments– Submit one-time payments, set up auto payments, edit or delete auto payments, or view an Account Ledger.
Charges show up to 15 days in the future.A message says if there is an existing credit on the account. Even if there is a credit, outstanding charges show in full but the balance due is adjusted for the credit.Section 8 and tenant-owed rent show as separate balances, if applicable.
Get full details on the site of the software that powers the portals
This article from a major metro newspaper sums up the issues at hand best. The short answer is that duct cleaning is unlikely to solve most problems. It’s typically meant to address obvious issues such as a pest infestation, or mold from being left inoperational for long periods. They mention that ducts are usually one of the driest parts of a home, and mold is actually very rare
The EPA has found no improved air quality in the vast majority of circumstances in their research
The link below is very detailed and well written, but if it no longer works here are some portions
Although duct-cleaning operations may insist their services are essential for your health, the evidence doesn’t support their claims.
Dust that settles in your ventilation system generally stays where it is. Unless disturbed, it remains inert and harmless.
“Duct cleaning has never been shown to actually prevent health problems. Neither do studies conclusively demonstrate that particle (e.g., dust) levels in homes increase because of dirty air ducts. This is because much of the dirt in air ducts adheres to duct surfaces and does not necessarily enter the living space… Moreover, there is no evidence that a light amount of household dust or other particulate matter in air ducts poses any risk to your health.”
EPA
Cleaners might damage your ducts
If the vacuum pressure isn’t applied carefully, some of the dust that settled in the ducts will be loosened by the agitation and blown into the living space after the cleaning. (This explains the results of the Canadian study in which particle levels rose immediately after a cleaning.)
Many homes now have flexible coil-style ducts — the kind that look like a Slinky — which are vulnerable to being punctured by duct cleaning work.
In general, consider duct cleaning only in response to specific identifiable problems. The EPA suggests doing it only if there is visible evidence of:
Substantial mold growth
Infestation of insects or rodents
Substantial deposits of dust or debris (if registers were not sealed during a renovation project, for example)
https://www.inquirer.com/consumer/air-duct-dryer-vent-cleaning-recommendations-20230131.html
Move In & After Application Acceptance Questions
To ensure you are well-prepared and organized for the next phases of the rental process, it’s essential to understand what lies ahead. From comprehending the lease agreement to settling comfortably into your new abode, this comprehensive article outlines the key aspects to anticipate after your rental application has received the green light.
Lease Review and Signing
What kind of lease do you use?
Standard Lease written by the North Carolina Bar Association to protect both tenants and landowners. We also include in our leases – proprietary provisions such as no smoking, and homes can’t be listed for sale.
Security Deposit and Rent Payment
Pay first month’s rent/ Hold payment – Must be paid within 24 hours of application acceptance to secure property
Move In Inspection
Before moving your belongings into the rental unit, it’s advisable to conduct a thorough move-in inspection. Document the existing condition of the property, including any pre-existing damage, and take photos as evidence. This will protect you from being held responsible for damage that was there before you moved in. Submit a list of upgrades and repair requests and keep a copy.
Utilities and Services Setup
Arrange for the transfer of utilities, such as electricity, water, gas, and internet, to your name. Notify the respective service providers about your move-in date and set up appointments if necessary. Make sure all services are functional before your official move-in day to ensure a smooth transition.
Walkthrough with the Landlord
On your move-in day, it’s common to schedule a walkthrough with the landlord or property manager. This is an opportunity to address any questions you might have about the property and its features. During the walkthrough, take note of key information such as emergency contacts, garbage disposal procedures, and any specific rules or regulations for the property.
Tenant’s Insurance
While the landlord’s insurance covers the building’s structure, it’s a good idea to consider getting renters’ insurance to protect your personal belongings and liability. Research and select an insurance policy that aligns with your needs and budget.
Settling In
After you’ve completed the necessary paperwork and moved in, take some time to settle into your new space. Familiarize yourself with the property’s amenities and nearby services. Introduce yourself to neighbors and begin establishing a positive relationship within the community.
Ongoing Communication
If you encounter any maintenance issues, repairs, or concerns, report them promptly. Addressing issues early can prevent them from becoming more significant problems down the line.
After working with people moving for 10+ years, we’ve acquired a few tips of our own and borrowed a few from our friends to compile a list of 30 Tips for a Seamless Move. Hopefully, our 21 tips for a seamless move will help make your move a little less stressful…
Accounting, Payments, Credits, Fees, Charges etc
The restriction to accept only certified funds is implemented after an account experiences three Non-Sufficient Funds (NSFs) or reversed transactions. Following this, online payments can no longer be accepted for your account. Such rejected payments pose significant challenges in our accounting processes. If you believe this restriction has been applied in error, we encourage you to contact your account manager for a review of your account. We strongly recommend adopting the “Electronic Cash Payment” method for future rent payments. Further details will be sent to you via email, or you can reach out to your account manager for more information on this payment option at any time.
If you find that you’ve overpaid on your rent and prefer a refund, kindly inform your account manager. The simplest course of action is to allow the overpayment to remain on your account as a credit, which will automatically be applied to your next month’s rent. However, if you opt for a refund instead of using the overpayment as a future credit, we can accommodate your request. Please allow 3-5 business days for your payment to fully process in our banking system. After processing, we will issue a refund via check to your property address, unless you specify a different mailing address. At the moment, we are unable to directly refund the overpayment to your bank account.
We strongly discourage the use of certain payment methods, including checks, certified checks, or money orders, due to various risks:
Postage Delays: Payments made by mail may encounter delays, risking late payments and potential late fees.
Security Risks: Physical checks, especially those deposited in drop boxes, are vulnerable to theft. Incidents have occurred where checks were extracted from drop boxes! We have included a linked article below with more information.
Inconvenience and Additional Costs: Mailing payments or using drop boxes may involve postage costs or personal time and fuel to deliver payments to our office.
High Costs for Certified Funds: While necessary at times, money orders and cashier’s checks often come with higher fees.
Recommended Payment Methods:
Our preferred method of payment is via the online tenant portal. This secure, efficient option ensures timely payments without the risks associated with physical checks.
For those unable to pay online, we offer a secure alternative: Electronic Cash Payment.
This method allows you to make payments at participating retailers like Walmart, Walgreens, or CVS. We provide a specific pay slip, and upon payment to the cashier, we are instantly notified, and funds are directly deposited into our trust account. This method significantly reduces the risks of theft and postal delays and is usually more cost-effective than purchasing money orders. Plus, it’s considered “Certified Funds” due to the immediate and secure transfer of money.
Should you have an interest in the Electronic Cash Payment option and are not already enrolled, please don’t hesitate to contact us.
The costs associated with moving into a property can vary depending on specific circumstances. Below is a detailed outline of the most common fees required:
Non-Refundable First Month’s Rent/Hold Payment: Upon approval of your application, we require the first month’s rent/hold payment to reserve the property for you. Once this is paid, we will take the property off the market. This fee is non-refundable if you decide to back out prior to your move-in date.
Please note: The following fees must be paid in full before your scheduled move-in date. Access to the property will only be granted once all charges have been settled:
Security Deposit: A security deposit, usually equivalent to one month’s rent, is required in accordance with your lease agreement. This deposit is securely held in a trust account and governed by the terms outlined in your lease.
Move-In Processing Fee: A move-in processing fee, as specified in your lease agreement, is also required.
Pet Fee: For tenants with pets, a one-time, non-refundable pet fee is charged for each pet. The amount is set by the property owner. This fee is for the privilege of having a pet on the property and does not cover potential pet-related damages at move-out. Should such damages occur, they will be deducted from your security deposit.
HVAC Filter Fee: Properties enrolled in our HVAC program (participation is mandatory) incur a monthly HVAC filter fee. This service includes quarterly delivery of HVAC filters, ensuring tenants can replace them every 45-60 days to maintain air quality and system efficiency.
Important: All move-in charges can be conveniently paid through your online tenant portal, provided payments are made at least 7 days prior to your move-in date. For payments made within 7 days of moving in, online payment options will be disabled, and all transactions must be completed using certified funds.
If your move in date is within 7 days, we will require certified funds for any remaining balance. Online payment will not be available when you’re move in is within a week!
Ask your account manager about Electronic Cash Payments! Simply pay your remaining balance at a local Walmart, CVS, or other participating location.
We will also accept cashier checks or money orders which can be dropped off to our office for new move in funds as a last resort. We don’t recommend using these methods to pay your monthly rent moving forward though due to high cost and potential theft!
We require all move in charges to be paid in full because providing access to the property so be sure to plan ahead.
At MoveZen Property Management, we follow a “2nd Month Proration” policy. This entails the payment of the full first month’s rent upfront to secure the property for you. It’s important to note that this initial payment is non-refundable should you decide not to proceed with the lease. Upon move-in, your rent for the second month will be prorated based on the actual number of days you occupied the property during the first month. This procedure streamlines the payment process, ensuring that you are only billed for the time you spend in the property.
To calculate rent prorations, we divide the monthly rental amount by the total number of days in the month which gives us a daily rate The daily rate is then multiplied by the number of days you will be occupying the property within that month. The result of this calculation represents your prorated rent. In most instances, our system automatically performs these calculations for you.
Your rent can be prorated for several different reasons. We require a full month’s rent upfront, which means your second month’s rent may be prorated if your move-in date wasn’t on the first of the month. Additionally, if you’re vacating the property mid-month, your final month’s rent will also be prorated.
If you decide to renew your lease with us and there is a rent increase, any renewal that takes effect mid-month will involve prorating the rent using both the old and new rates to determine the monthly rent. This ensures fairness and accuracy in your rent charges during transitional periods.
We will deduct any outstanding balance from your tenant security deposit. If there is remaining balance after applying your security deposit to any outstanding and move-out charges, our accounting team will inform you about this balance when issuing the security deposit closeout disposition notice.
We’re open to discussing payment plan options for any remaining balance, aiming to prevent the matter from progressing to collections.
If the account remains unsettled 30 days after we’ve communicated the balance due, we will entrust the account to our collection’s agency, Hunter Warfield. It’s worth noting they do not immediately report to credit bureaus. However, to avoid potential impacts on your credit, we advise addressing any balances promptly should your account be transferred to collections.
Unfortunately, once your account has been forwarded to collections, we are unable to accept payments directly. Please reach out to Hunter Warfield at (866) 494-9902 to make a payment or to arrange a payment plan.
For the majority of accounts, we indeed report rent payments to credit bureaus. We partner with Experian RentBureau for this service. For detailed information regarding this, please refer to the attached flyer provided.
Our application fees are non-refundable. However, if you’ve accidentally paid the application fee more than once, we will issue a refund for the additional payment(s) upon notification. In situations where you’ve applied for a property that is no longer available and has not yet been removed from our website, we may consider issuing a refund, although it is not guaranteed. We do not provide refunds if you do not qualify for a property or if you decide you are no longer interested in renting it, regardless of whether your application has been processed. This non-refundability policy is clearly stated at the time of payment.
Certainly! Your last month’s rent is held in a separate escrow account throughout your tenancy. When you enter your last month in the property, this pre-paid rent can be utilized instead of making another rent payment. If for some reason the last month’s rent is not applied as such—for example, if you accidentally make a rent payment for that last month—it becomes eligible for a refund as part of the security deposit closeout process.
Some property owners require the payment of the last month’s rent upfront as a security measure. This arrangement can also be beneficial for tenants, offering a form of financial ease as their lease concludes.
Payments may be declined by financial institutions for various reasons, which will be detailed in the notification email you receive upon rejection. Commonly, some bank accounts may not be configured to accept ACH transfers, and rectifying this may simply involve contacting your bank. Insufficient funds occur when the bank tries to process the payment but the necessary funds are not available in your account. Additionally, a payment might be rejected if a stop payment order has been placed on it. When making ACH payments online, please note that it can take 1-3 days for the transaction to reflect in your account, so ensuring sufficient funds are available during this period is crucial. Unfortunately, there is a small fee associated with rejected payments, which we are unable to waive. For specific inquiries or assistance beyond this information, please contact your account manager.
If your online rent payment is rejected, a fee will be incurred. This fee, known as the NSF (Non-Sufficient Funds) fee, is detailed in your lease agreement and typically amounts to $25 or $35. Rejected payments present significant challenges and risks for our accounting operations, and as such, we are unable to waive this fee.
The NSF fee is applicable regardless of the reason behind the rejected payment. Common causes include non-transactional bank accounts, insufficient funds, stop payments, closed accounts, or unlocated accounts.
You will receive an automatic notification from our system in the event of a payment rejection, at which point the NSF fee will also be assessed. Please be aware that if your payment is rejected after the 5th of the month, a late fee will be applied as well, due to the rent payment being considered overdue at that point.
We understand that fees can be frustrating and inconvenient. That’s why we strongly recommend ensuring that your bank account is set up to allow ACH payments before making an online payment. Double-check that your account details are entered correctly in your tenant portal and confirm that sufficient funds are available in your account to cover the payment. Please note, it may take up to 3 business days for the funds to be deducted from your account.
For any questions regarding NSF fees or payment processes, please reach out to your MoveZen account manager for assistance.
You can submit maintenance requests via your tenant portal. For emergency maintenance needed after hours, on weekends or holidays please call (910) 447-9495 and follow the prompts for emergency maintenance. Typically, charges do not apply for standard maintenance. However, if the issue is due to damages or tenant negligence, charges may apply. Please visit the Move Out, NC Security Deposit, Normal Wear & Tear, Depreciation FAQ section for more detailed information on normal wear and tear vs. tenant damages.
You can pay your monthly rent and other fees through your online tenant portal. This allows for easy payments using a bank account or credit card. We recommend using a bank account for lower fees. You can also set up automatic payments through your tenant portal! If you do not wish to pay online, reach out to your dedicated account manager to get some more information on Electronic Cash Payment! We also accept mailed checks to our corporate office. MoveZen Property Management 4002 1/2 Oleander Dr 1A Wilmington, NC 28403. We do not accept cash rent payments.
Rent is due on the 1st of each month. Please be aware that payments received after the 5th will incur a late fee, as specified in your lease agreement. If you anticipate any difficulties in making your payment on time, we strongly encourage you to contact us as soon as possible. Late notices will be sent out if rent is not paid by the 6th. Additionally, if rent remains unsettled by the 16th, we are authorized to begin eviction proceedings.
We aim to support our tenants through any challenges they may face. It’s important to understand that we manage these properties on behalf of owners who depend on rental income for their financial needs. We are dedicated to fostering communication and finding solutions between you and the property owner during tough times. However, to provide effective assistance, we require timely updates from you regarding any late payments.
Our policy typically required rent to be paid in full by the due date. However, if you’re experiencing financial hardship, please contact us to discuss potential payment arrangements.
We understand that financial difficulties can arise. If you’re facing difficulties, please reach out to us at your earliest convenience to explore potential payment plans or alternative arrangements that might be available to you. Prompt communication increases the likelihood that we can find a solution to prevent more severe outcomes, such as eviction or debt collection.
Absolutely, you and your roommate(s) have the flexibility to split the rent payment as needed. Each of you can make partial payments through your respective tenant portals. We don’t have a preference for how that rent payment is divided, as long as the full amount is paid in full by the due date. For added convivence, you have the option to set up automatic payments for these specified amounts, making rent payments as seamless as ever!
If your lease renewal takes effect mid-month and comes with a rent increase, your rent for that month will be prorated. This means you’ll be charged at your current rate for the days before the renewal takes effect, and at the new rate for the remaining days of the month. This will all be one charge and will still be due by the 5th! Starting the following month, your rent will adjust to the full amount of the new rate. This ensures a fair and transparent transition to your new lease terms.
You can update your payment information directly in your tenant portal. We are unable to view or edit your information or payment settings for you. Each tenant has their own portal, with their own settings!
A copy of your lease and your payment history are available through your online tenant portal. Your current lease can be found on the “Home” page. You can also view all leases from there as well. You can view your payments or your full account ledger by visiting the “Payments” tab of your portal. We highly recommend exploring the rest of the portal as well. You can submit maintenance requests, update your renter’s insurance and much more! If you need additional assistance, please let us know.
Once your payment is received, you will receive a confirmation via email. You can also view the status of payments in your tenant portal. If there is a balance due, your portal will reflect the balance and the description of the charges.
Certainly! Appfolio has developed a comprehensive Portal Overview page that offers valuable assistance for navigating your online tenant portal. Please visit the link below!
When paying rent, the following fees apply:
Credit Card Payments: A fee of 2.99% of the total transaction amount.
Debit Card Payments: A flat fee of $9.99 per transaction.
eCheck (ACH) Payments: A flat fee of $2.49 per transaction.
Electronic Cash Payments: A fee of $3.99 applies for every transaction up to $2,000.00. Please note that transactional limits are in place. Electronic Cash Payments are often times cheaper than money orders.
These fees are charged by Appfolio and not by MoveZen Property Management, which does not profit from these transactions.
You can visit the following link for sign in! If you are having trouble signing in, please reach out to us.
https://passport.appf.io/sign_in?idp_type=tportal&vhostless=true
A negative balance on your tenant ledger indicates a prepayment on your account. This could result from overpayment in the past or adjustments to charges that led to a prepayment. Such prepayments will automatically be applied to future rent charges or other fees on your account. If you have vacated the property and there’s a prepayment remaining, this amount will be considered for a refund as part of your security deposit closeout process.
Generally, utilities are the responsibility of the tenant. You will need to have the utilities transferred into your name and furnish us with proof of this before moving in. Should any utilities be included in your rent, or if any are billed to you separately by us, you will be duly informed. This information will also be specified in your lease agreement.
Trust monies are a critical component of our responsibilities as property managers. These are funds entrusted to us by our clients, property owners, and tenants that must be managed with the utmost care, integrity, and adherence to legal and ethical guidelines. These funds include security deposits, rental payments, maintenance reserves, and other monetary transactions related to the properties we manage.
Key Responsibilities:
Safekeeping: Trust monies must be kept separate from the company’s operational funds in designated trust accounts. This separation is crucial to prevent commingling and ensure accurate accounting.
Accurate Accounting: Detailed records must be maintained for each transaction involving trust monies. Proper documentation, receipts, and ledgers are essential to demonstrate transparency and accountability.
Timely Disbursements: Trust monies should be disbursed according to legal requirements and lease agreements. For instance, security deposits need to be returned within the stipulated timeframe and in compliance with local laws.
Interest: In some jurisdictions, interest earned on security deposits might need to be remitted to the tenant. Understanding and adhering to these regulations is essential.
Any mismanagement or breach of trust can lead to legal consequences, damage our reputation, and harm relationships.
It is crucial to stay informed about any changes in legislation or industry standards that affect the handling of trust monies. Regular updates and refresher training sessions will be provided to keep our team well-informed and compliant.
When a company holds trust monies, it is typically required to establish separate trust accounts to ensure the proper segregation and management of these funds. The number of accounts required can vary based on factors such as the jurisdiction’s regulations and the types of trust monies being managed. In general, two main types of trust accounts are commonly used: Client Trust Account and Interest-Bearing Trust Account.These accounts ensure transparency, accountability, and legal compliance in the handling of funds entrusted to the company’s care.
Significance of proper account designation and the insurance coverage it provides:
Insured Deposits: Properly designating an account as a trust or escrow account ensures that all deposits within the account are fully insured by either the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). This insurance covers up to $250,000 per individual for whom the funds are held.
Account Holder vs. Beneficiary: Even though the account is registered under the broker or company’s name, the FDIC/NCUA recognizes the trust or escrow designation. This means that all funds in the account are considered as belonging to beneficiaries and are fully insured, provided that no individual’s interest in the account surpasses the $250,000 cap.
When Must Trust Monies be Deposited in the Trust Account:
Deposit Timeframe: As per the opening paragraph of Rule A.0116, monies that belong to others must be deposited into a trust account “no later than three banking days following the broker’s receipt of such monies,” unless exceptions apply.
Exceptions (Rule A.0116(b)):
For provisional brokers, all monies received must be promptly delivered to their BIC (Broker-in-Charge) upon receipt.
Non-resident commercial brokers must deliver received monies to the North Carolina affiliated/supervising broker, who will deposit them in the resident broker’s trust account.
Checks or negotiable instruments for earnest money and tenant security deposits, payable to the broker/company, can be safeguarded by a broker during contract/lease negotiations.
Deposit Trigger for Negotiable Instruments:
If the deposit is in the form of a check or negotiable instrument, it can be held during contract/lease negotiations.
However, it must be deposited into a trust account within three banking days after the offer to purchase or lease agreement is accepted.
If the deposit is in cash, it must be deposited within three banking days after receipt, even if no contract has been signed.
Acceptance and Handling of Checks in Real Estate Transactions:
Acceptance of Checks:
Generally, brokers should not accept checks payable to someone other than the broker/company.
Two exceptions are allowed under Rule A.0116(b)(4):
Checks payable to an owner for due diligence fee or option fee.
Checks payable to a third-party escrow agent in a sales transaction.
Handling of Accepted Checks:
Due diligence fee checks and checks to third-party escrow agents can be held and safeguarded by brokers during negotiations.
These checks must be delivered to the named payees or returned to the buyer, as directed, within three business days of contract formation.
Earnest Money Deposit Handling:
Non-cash tenant security deposits and earnest money deposits can be held and safeguarded until contract formation.
Earnest money deposits must be deposited into a brokerage trust account within three banking days of contract formation.
Examples Clarifying Procedures:
If a buyer provides two checks (one to the owner and one to the listing company) for due diligence fee and earnest money deposit, the buyer’s agent can accept and hold them. The broker must safeguard these checks for eventual delivery to the payees upon contract formation.
Cash deposits should be converted into money orders for handling.
Checks should be returned to the buyer if requested while in possession.
For a listing company that receives an offer with due diligence fee and earnest money deposit checks, the earnest money check can be deposited immediately unless instructed otherwise. The three-day deposit clock starts ticking from the contract formation date.
Even if the contract states a later earnest money payment date, the clock is not affected because the check is already in possession.
When to Disburse Monies from the Trust Account
A broker, holding an earnest money deposit in the trust account, can only transfer it to the settlement agent within ten (10) days prior to the settlement date.
This rule ensures that the funds are appropriately timed for the transaction’s final stages.
Disbursement Restrictions:
The broker is strictly prohibited from disbursing the earnest money deposit before settlement, except for the purpose of transferring it to the settlement agent.
No other disbursements can be made from the earnest money deposit account without the written consent of all parties involved.
How to Handle Disputed Funds
If parties disagree about who is entitled to the earnest money deposit, the broker cannot use their own judgment to release the deposit.
Historically, brokers had two options in such disputes:
Holding the money in the trust account until the parties reach a written agreement.
Waiting for a court order from a competent jurisdiction to release the money.
Alternative Option (Since 2005):
Rule A.0116(d) introduced another alternative.
Brokers can deposit disputed funds with the appropriate Clerk of Superior Court as per G.S. 93A-12.
This statute allows brokers to pay disputed funds, except disputed residential tenant security deposits, to the Clerk of Superior Court of the property’s county.
Brokers must provide the parties with a written notice at least ninety days before paying the funds to the Clerk of Court.
If neither party initiates legal proceedings within one year, the Clerk of Court will escheat the funds to the State Treasurer.
The notice letter must be personally delivered or sent via first-class mail to each party.
Abandonment of Dispute:
Rule A.0116(d) also acknowledges that a party can “abandon” the dispute.
If one party appears to have abandoned their claim, the broker may disburse the money according to the written agreement, but efforts must be made to notify the absent party before disbursement.
Rule A.0116(d) and Contract Agreements:
The term “according to the written agreement” in the rule refers to the parties’ contract.
In residential sale transactions, the standard Offer to Purchase and Contract form often dictates that the earnest money deposit should go to the party specified in the contract, such as the buyer if they timely deliver notice of termination.
Residential Tenant Security Deposits:
The disputed funds rule and procedure do not apply to residential tenant security deposits.
State law requires landlords to provide an interim accounting and disburse tenant security deposits within 30 days after the termination of the tenancy (45 days for vacation rentals).
Residential tenant security deposits are governed by state law and must be disbursed according to these regulations within the specified time frame.
Commercial Tenant Security Deposits:
The disputed funds rule and procedure apply to commercial tenant security deposits.
Unlike residential deposits, there are no state laws governing commercial tenant security deposits.
Disposition depends on lease terms, and in case of disputes between a commercial lessor and tenant, brokers holding the deposit must follow the disputed funds rule or the G.S. 93A-12/Clerk of Court procedure.
Broker’s Role in Tenant Security Deposit Disputes:
If a landlord and residential tenant dispute the allocation of a tenant security deposit, the broker should follow the lawful instructions of the landlord.
The tenant would need to pursue the matter in small claims court.
Deficit Spending:
A broker must never disburse more money from their trust account than what they are holding for a client. This is known as deficit spending.
Deficit spending involves using funds belonging to others to pay expenses for someone else.
This situation may be more common in property management than in sales transactions.
Safeguarding Client Monies:
Rule A.0116’s final paragraph mandates that all licensees protect and safeguard the monies and property of others in their possession.
Brokers are strictly prohibited from:
Converting client money or property for personal use.
Using such money or property for purposes other than their intended use.
Assisting others in converting or misusing client money or property.
These guidelines ensure brokers uphold the integrity of client monies and act in accordance with ethical and legal responsibilities.