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Updated about 7 years ago on . Most recent reply

Ruel K.'s profile image
Ruel K.'s profile image
Ruel K.
  • Investor
  • from Mission Viejo, California
  • Member since Nov 1, 2016
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Ruel K.'s profile image
Ruel K.'s profile image
Ruel K.
  • Investor
  • from Mission Viejo, California
  • Member since Nov 1, 2016
Connect
Ruel K.
  • Investor
  • Mission Viejo, CA
36
Votes |
78
Posts
General Landlording & Rental Properties

Security Deposit Clause On A Lease Agreement

Ruel K.
  • Investor
  • Mission Viejo, CA
Posted

I am renewing my tenant's condo lease. The security deposit carries over to the new lease. I have worded it this way:

On signing this Agreement, the Tenant’s security deposit of $2,000 from the 2017 lease is carried over to this 2018 lease agreement.

I just need feedback if that is good enough. Any suggestions and feedback is appreciated. Thanks.

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