Re: Tenant demands interest on Security Deposit

Re: Tenant demands interest on Security Deposit by Anonymous (connecticut) on June 16, 2012 @13:54

Connecticut- the thing is - there is no security deposit left, based on the damages done already. We not talking wear and tear, but broken window by kids playing ball in house, holes made in wall, etc. I can inform her what the interest would be (if there was security left)but I have no intention of paying her interest now before she move. She just needs to pay her late fees now and start paying rent on time. The suggestion to have three months record to show cronic lateness sound fair. If there is any other ideas, please help me.

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Re: Tenant demands interest on Security Deposit by Bryan (Ia) on June 17, 2012 @04:16	[ Reply ]

You should have never used the SD until the Ts leave. Instead you should have billed the willful damages as added rent, and evicted when it wasn't paid, thus keeping the SD intact.