Updated almost 5 years ago on . Most recent reply
Return security deposit when a couple splits
In my many years of rental experience, this is the first time I have run into this situation. Hope to get some feed backs or experience sharing from you guys.
Location: Dallas, Texas
I have initially leased the property to a couple, however at end of lease they have decided to split. Here comes the issue I am having, each party claims the return deposit should go to them and I am the person stuck in the middle. How would you deal with this situation?
if it were a roommate situation, I usually just split the deposit. But w/ this couple split, I am not sure if it is the same or there are other ways in this situation? and thing I should be aware to protest my position. Thank you in advance for your inputs.
Most Popular Reply
- Real Estate Broker
- Cody, WY
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Three options:
1. Send them a check with both their names on it. They can't cash it unless they both sign it and then they can argue about it amongst themselves.
2. Send a letter asking for payment instructions and require a signature from both of them agreeing to the split.
3. Make the check payable to the person that handed you the payment for the deposit in the first place.
- Nathan Gesner
