Re: Tenant Breaking Lease - Landlord Forum thread 326042

Re: Tenant Breaking Lease by Anonymous on October 21, 2014 @08:31

I would not hold the first tenant's security deposit, but get it back to her in the time allotted by state law. As for the incoming tenant, if she has very good credit, take a check for the security deposit, and deposit that check no earlier than 7 days after you have sent the original tenants deposit back to her.Collect the first, or the first and last month's rent in cash from the incoming tenant. Two months rent is generally enough funds to guarantee that the incoming tenant is serious about the rental.
I did have a tenant that was late getting in, and gave me extra time to get the house ready. So I gave him the extra time when he moved out.
Get an exact date from the exiting tenant, in writing when she will be out. She may be out before the beginning of the next month, or rental period. And the next tenant may want the place sooner than expected. As long as you can have the pre-rental checks done by the end of the month......

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