Current Residents Resources

End of Lease

Can I apply my security deposit to my last month’s rent?

No. Your security deposit is held in a separate Escrow Account and will only be used for outstanding charges after you vacate the property – NOT for your last month’s rent.

Within 72 hours of lease expiration, one of our agents visits the property and performs a move-out inspection to assess the condition of the property in comparison to your move-in inspection.  Within 45 days, based upon the condition the home was left in, we will determine if there is a refund or if there is a balance due.   We will process your security deposit in strict accordance with the VRLTA.

Under VRLTA we have 45 days from a) 45 days after the termination of the tenancy; or b) the date the tenant vacates the dwelling unit to process the unit and submit any remaining Security Deposit back to you. Please make sure you provide us with your forwarding email address when you turn in your keys. Under the VRLTA we do have the right to an extra 15 days, with notice,  if needed. We do our best to stay within the 45 days.

We will send you a letter notifying you of a balance due. Payment will be expected promptly to prevent further action to collect the debt.

Any outstanding charges 20 days from the date of invoice will become Rent per you lease and will be turned over to our Accounts Specialist Manager and will become part of your Unlawful Detainer/Warrant In Debt proceedings.

You must submit your dispute to within 20 days from the date of your security deposit return form.

No. Even though the initial term of your lease expires on a certain date, if no notice is given 60-days before the expiration of the initial term, it automatically renews for 12 months and is still in full force until proper notice is given by either party. We also have the right to notify you that we do not wish to lease to you.

Your lease details the items that you need to accomplish to properly vacate your home. There may be some additional, property specific details that you will want to contact your Property Manager on.

Keys must be by your lease expiration date. You are not officially moved out until the keys are returned and you may be responsible for charges until the keys are returned. Make sure you provide us with your name, unit number, forwarding address and email address when you return your keys. There is a $25 fee for unreturned keys and $75 for unreturned fobs.—this will include late keys/fobs.  If you happen to move home and forgot to drop them off on your way out, return them in a bubble envelope to protect them.  Mail them to our main office to be safe.  That address is: Matchbox Realty, 202 N. Liberty Street, Suite 101, Harrisonburg, VA  22802.