Variance Observation #1
Detected: Feb 5, 2026 at 3:42 PM
Observation Details
Observation Type
Deposit Amount Mismatch
Description
Security deposit charged does not match the amount specified in the lease contract.
Expected Value
$1,200
Per lease contract
Actual Value
$800
Amount charged
Difference
-$400
Undercollected
Suggested Action
Property Manager should:
- Review the lease contract and verify deposit amount
- If $1,200 is correct: Charge additional $400 to tenant account
- If $800 is correct: Update lease contract and provide explanation
- Document corrective action in Yardi notes
Property Manager Response
Tenant Information
Tenant Name
Maria Rodriguez
Unit
204
Property
Candlewyck Apartments
Lease Start
Feb 1, 2026
Monthly Rent
$1,450
Audit Trail
Variance Detected
Feb 5, 2026 at 3:42 PM
Report Generated
Feb 5, 2026 at 3:45 PM
Awaiting PM Response
Current status
Related Observations
This tenant has 1 additional observation:
Insurance certificate missing
Warning - No proof of renters insurance on file