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We’re excited to introduce Security Deposit Returns — a simple way to refund security deposits and close out leases directly in TurboTenant.
For landlords, ending a lease usually means tracking payments, logging deductions, and making sure state timelines are met. Deposit Returns brings all of that into one clean workflow, so you can stay organized and compliant.
What You Can Do
With Deposit Returns, you can:
- Return deposits in the same place you collect rent – no paper checks, Venmo, Zelle, or other personal payment apps.
- Document deductions with receipts and notes, so everything is clear for you and your tenant.
- Keep records automatically, with a detailed receipt once the return is complete.
Before you send a return, remember that deposit rules and timelines vary by state to help you stay compliant as you close out each lease.
Why It Matters
Returning deposits on time isn’t just about compliance. It shows professionalism, wraps up every lease cleanly, and gets tenants their money faster.
Many tenants wait weeks (or months) for security deposit checks to arrive in the mail, often at an old address. With Deposit Returns, funds are deposited directly into their account within 5-7 business days, even if they’ve moved.
Plus, unlike Venmo or Zelle, Deposit Returns creates an automatic paper trail with itemized deductions, receipts, and records. This protects you if disputes arise and shows tenants exactly where their deposit went. All within the same tool you use to collect rent.
Learn more about how to return a security deposit in our Help Center article.
