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Updated about 4 years ago on . Most recent reply

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Ed Kelly
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Security Deposit in Ohio

Ed Kelly
Posted

Hello,

My tenants surprised me and announced they bought a house while they had 8 months left on their lease.  I moved very fast and got the house rented within 3 weeks.  However, I was not planning on having to do this this month and it was highly inconvenient for me as I had other plans for my month.  

Can I place it in the new contract that if someone does this same thing, they surrender their security deposit?   

May I keep some of the Security Deposit in this case as it was a royal pain to get this rented so fast?

Most Popular Reply

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Marc Rice
  • Real Estate Agent
  • Columbus Cleveland Dayton, OH
1,838
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Marc Rice
  • Real Estate Agent
  • Columbus Cleveland Dayton, OH
Replied

@Ed Kelly

You should get the 3 weeks of vacancy as “damages” anyways. Otherwise you need to add specifics to the lease on what will happen on early termination.

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