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Re: Repost: Advice only. No BASHING others pls - Landlord Forum thread 354431







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Re: Repost: Advice only. No BASHING others pls by Anonymous on September 28, 2017 @21:11

                              
I do not agree with #1. I think you should essentially treat this as a new lease, as a key component of the old lease is changing (one tenant will no longer be on it).

Security deposit should be settled and returned to BOTH tenants who were on the old lease. This isn't a matter of roommates changing during the lease term. The old lease is ending and the departing tenant is entitled to the security deposit from you, not from the remaining tenant.

Once that's finished, draw up a new lease and collect security from the remaining tenant, who will be the only tenant on the new lease.
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