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Updated over 4 years ago on . Most recent reply

User Stats

40
Posts
6
Votes
Kosh Vokter
6
Votes |
40
Posts

Security deposit return

Kosh Vokter
Posted

I have a lease coming up due and the lease agreement has 2 people (not related to one another) on the lease with an initial security deposit of $1000. The lease agreement didn't clarify how much each of them contributed towards the security deposit. Don't have the original checks from them because this is a really old lease that has been renewed multiple times and the bank info changed.  

1 of them wants to move out now and is saying she put in 1/2th of the security deposit - which makes sense. should we go with what she says, and cut a check for $500 to return her portion of the security deposit and maintain that record? I have no reason do doubt what she is claiming..

Most Popular Reply

User Stats

185
Posts
88
Votes
Chris Herrera
  • Real Estate Agent
  • Addison, IL
88
Votes |
185
Posts
Chris Herrera
  • Real Estate Agent
  • Addison, IL
Replied

@Kosh Vokter definitely do not give them anything until the end of the lease and they both move out or you’re opening yourself up to a bad situation if the person who stays messes up the unit

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