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Re: Couple slpits up what happens with the security
by Bill
on July 31, 2014 @11:10
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When you renew the lease get a full deposit from the remaining tenant. Take the old deposit and deduct for whatever repairs for whatever damages exist. Then make the check out to both the man and the woman for whatever remains. It is not your job to referee their disputes. If your existing tenant complains tell him it is what the law requires.
When you renew, make it clear that the woman is not moving back in or any other tenant without your approval. If you acquire a new tenant you should get him or her to sign a statement that they have not contributed to the deposit and will make no claim against it.
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