Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Property Closing Tenant Being Evicted Security Deposit
Hoping to get some clarity on this situation.
I am selling a multi family property to be closed this week and one tenant is being evicted. I’ve already filed the motion for default and should be able to give the writ of possession to sheriff before closing.
The seller is aware of the eviction situation with this tenant.
The company handling the closing asked for the security deposit amounts and I am unsure if I can put down $0 for this tenant.
Their deposit was less than one months rent and I understand you can deduct unpaid rent from the deposit in Florida so I would like not to transfer the deposit. Nothing in the lease forbids it. Does anyone have any experience or insight on this matter?