Re: Security Deposit - Landlord Forum thread 323566

Re: Security Deposit by Anonymous on August 29, 2014 @17:55

Sort of. If the lease is signed, both parties are bound. However, if he pulls out, the courts would expect you to make reasonable efforts to attempt to re-rent the place as soon as possible and you'd only be able to charge him for the amount of time until the place is re-rented + any additional advertising costs.

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Re: Security Deposit by Garry (Iowa) on August 29, 2014 @20:21	[ Reply ]

I agree with you, anon, but it also works conversely for the tenant, too. If the T was expecting possession on an agreed-to date, but the LL cannot deliver that possession ( for whatever reason,) the T could incur some unexpected costs ( such as hotel bills for, say, 2 weeks, )because the new T had to be out of his old place on a certain date, but could not get possession of his new place on time. Then the LL could be held liable for the Ts extra costs above the agreed-to rent for that month.