Convert To Excel Legal Utah Abandoned Property Forms For Free

Utah Code Section 78B-6-812. If the premises are abandoned, the landlord may make a list of the tenant's personal property, remove it and store it. In order to legally remove the tenant's personal property, the landlord must post in a conspicuous place a notice that the personal property is considered abandoned.

Unclaimed property can be any financial asset owed to another business or individual. Property is considered abandoned when there has been no activity and/or contact with an owner for a specific period of time. The property type will determine the abandonment period; however, it is typically three years.

Unclaimed property dormancy is a period of time during which there is no activity from the unclaimed property owner. The unclaimed property dormancy varies by property type, but is pretty uniform across the states for that type of property.

This self-audit will enable your company to identify any unclaimed property that is reportable to Utah. To complete the self-audit, you will be redirected to a secure website hosted by our authorized third-party auditor, Kroll Government Solutions, LLC (?KGS?) (formerly Verus) .

Holders of unclaimed property must perform due diligence to show that they attempted to find the rightful owner of unclaimed property. For any balance greater than $50, written notice must be sent to the owners last known address 60 to 180 days before the unclaimed property report is filed.

Utah requires holders to send due diligence notifications for any property with a value of $50 or more. Holders must send due diligence letters each reporting cycle to the apparent owner at the last known address, not more than 180 days and not less than 60 days prior to the filing due date.

Pursuant to Utah law (Utah Code Ann 78B-6-815), a property is abandoned when (1) the tenant is absent without telling the landlord that they will be gone, (2) ?there is no reasonable evidence that the tenant is occupying the premises," and (3) either (a) If the tenant's possessions are removed, it is abandoned when ...

In order to legally remove the tenant's personal property, the landlord must post in a conspicuous place a notice that the personal property is considered abandoned. The landlord must also mail a copy of the notice to the tenant at his or her last known address. Utah Code Section 78B-6-816.

Call 801-715-3000 option 2 for delivery dates. REPORTING REQUIREMENT All Reports must be filed electronically on our website at mycash.utah.gov or through 3rd party vendors such as UPExchange or HRS PRO.