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Updated almost 9 years ago on . Most recent reply

Carlos Rovira's profile image
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Carlos Rovira
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  • from Miami, FL
  • Member since May 21, 2015
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Carlos Rovira's profile image
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Carlos Rovira
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  • from Miami, FL
  • Member since May 21, 2015
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Carlos Rovira
  • Investor
  • Miami, FL
124
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329
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General Landlording & Rental Properties

Tenants Cancels Lease - Keep Deposit?

Carlos Rovira
  • Investor
  • Miami, FL
Posted

Sourcing opinions here:

Tenant signs lease, gives 1 month deposit, cancels lease 3 days prior to moving in. Lease calls for 2 months liquidated damages upon cancellation. Keep deposit I currently have or be nice and return it? I already found a new tenant so not costing me extra in vacancy to return their full deposit.

  • Carlos Rovira
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Todd Plambeck
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  • from Murphy, Texas
  • Member since Jul 1, 2013
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Todd Plambeck
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  • from Murphy, Texas
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Todd Plambeck
  • Agent/Investor
  • Murphy, TX
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Todd Plambeck
  • Agent/Investor
  • Murphy, TX
Replied

Since you were able to replace them before you lost any rent, I'd put this one in the no harm no foul category and return their deposit. 

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