Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Barbara Harders
1
Votes |
1
Posts

Security Deposit Refund

Barbara Harders
Posted

I had two girls who live in my house.  The one girl moved out and the remaining girl brought another person in.  I added her to the lease and took 1/2 of security deposit from her.  Now the original girl moved out and I had to return her security deposit leaving me now with 1/2 of security deposit on the property.  I am not renting rooms but the entire house.  Now she does not want to pay the balance of the security deposit.  How did you handle something like this.  Thank you.

Most Popular Reply

User Stats

1,263
Posts
1,578
Votes
Randall Alan
  • Investor
  • Lakeland, FL
1,578
Votes |
1,263
Posts
Randall Alan
  • Investor
  • Lakeland, FL
Replied
Quote from @Barbara Harders:

I had two girls who live in my house.  The one girl moved out and the remaining girl brought another person in.  I added her to the lease and took 1/2 of security deposit from her.  Now the original girl moved out and I had to return her security deposit leaving me now with 1/2 of security deposit on the property.  I am not renting rooms but the entire house.  Now she does not want to pay the balance of the security deposit.  How did you handle something like this.  Thank you.

@Barbara Harders

It starts when the person goes to move out… you explain that the security deposit is tied to the unit, and not the person.  You should have never refunded 1/2 when the unit was still occupied.   You always have to have the whole deposit on file when occupied.  So it should have been a negotiation between the roommates, and not the landlord. 

The situation will obviously resolve if another person moved in, but going forward, the security deposit stays on file until either someone else moves in, or all move out. 

All the best!

Randy

  • Randall Alan
  • Loading replies...