Updated about 9 years ago on . Most recent reply
Tenants Cancels Lease - Keep Deposit?
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
Most Popular Reply
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.