Tenant never cashed a security deposit - California

Tenant never cashed a security deposit - California

Real Estate Investor · San Francisco, CA · Member since 2013 · 24 posts · 0 votes

I mailed a check from my online bank account, and just received notice the check was never cashed, so the money was credited back. What obligations do I have from this point on? 

Thanks 

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Member since 2018 · 10 posts · 9 votes
7y

@Lars Thurfjell

I'd ask yourself what type of tenant they were and the terms at which they left under. If they were a good tenant, and left under good terms, then reach out to them. Keeping it without trying to return it is basically stealing.

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  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    7y

    Did you send it registered mail?

  • Real Estate Investor · San Francisco, CA · Member since 2013 · 24 posts · 0 votes
    7y

    Hi @Theresa Harris I did not. First class mail. 

  • Specialist · Easton, PA · Member since 2018 · 1k+ posts · 2k+ votes
    7y

    @Lars Thurfjell

    I wouldn’t worry about, see if they contact you.

  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    7y

    How long ago was it?  You'd have thought the tenant would have contacted you to ask about the deposit.

  • Real Estate Investor · San Francisco, CA · Member since 2013 · 24 posts · 0 votes
    7y
    Originally posted by @Theresa Harris:

    How long ago was it?  You'd have thought the tenant would have contacted you to ask about the deposit.

     90 days since I sent it. So it automatically canceled and my online bank re-credited it to my account. 

  • Real Estate Investor · San Francisco, CA · Member since 2013 · 24 posts · 0 votes
    7y
    Originally posted by @Matt M.:

    @Lars Thurfjell

    I wouldn’t worry about, see if they contact you.

    Sounds like a plan.  

  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    7y

    If it has  been 3 months and you've heard nothing from them, wait.  You have a notice from the bank that the bank cancelled it as it hadn't been cashed.

  • Member since 2018 · 10 posts · 9 votes
    7y

    @Lars Thurfjell

    I'd ask yourself what type of tenant they were and the terms at which they left under. If they were a good tenant, and left under good terms, then reach out to them. Keeping it without trying to return it is basically stealing.

  • Real Estate Investor · San Francisco, CA · Member since 2013 · 24 posts · 0 votes
    7y
    Originally posted by @Travis Urquhart:

    @Lars Thurfjell

    I'd ask yourself what type of tenant they were and the terms at which they left under. If they were a good tenant, and left under good terms, then reach out to them. Keeping it without trying to return it is basically stealing.

    Travis you're right. I'll reach out to them. 

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