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Updated about 6 years ago on . Most recent reply

Anthony Prob's profile image
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Anthony Prob
  • Member since Mar 28, 2020

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Anthony Prob's profile image
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Anthony Prob
  • Member since Mar 28, 2020
Anthony Prob
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General Landlording & Rental Properties

Taking security deposits for missing rent

Anthony Prob
Posted

Is this advisable with the current situation?

What are the ramifications of this?

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Patrick M.'s profile image
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Patrick M.
  • Rental Property Investor
  • from Red Bank, NJ
  • Member since Jan 24, 2017

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Patrick M.'s profile image
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Patrick M.
  • Rental Property Investor
  • from Red Bank, NJ
  • Member since Jan 24, 2017
Patrick M.
  • Rental Property Investor
  • Red Bank, NJ
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Patrick M.
  • Rental Property Investor
  • Red Bank, NJ
Replied

Don't. A security deposit is not meant to carry a tenant, it is to mitigate damage.

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