Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply presented by

User Stats

23
Posts
10
Votes
Greg Hoffmann
  • New to Real Estate
  • Santa Cruz, CA
10
Votes |
23
Posts

Ok for Security Deposit to be Returned to Guarantor?

Greg Hoffmann
  • New to Real Estate
  • Santa Cruz, CA
Posted

Hi Folks

Here's a scenario I was hoping someone with some legal expertise could weigh in on.

My tenant passed away and I've been dealing with the tenant's son and daughter in law. I saw several legal documents including the will naming him as the executor. As such, I reimbursed the security deposit to them written to "The Estate of Tenant's Name". This was the guidance I had read in several landlord publications.

Their response was that they were hoping I could rewrite the check to them personally because they are still several months out from completing the probate court process.

But here is the added context as to why this might be acceptable:

The daughter in law was originally the Guarantor in the lease and actually wrote the check for the security deposit in the first place several years ago. (I didn't own the property at the time but I have a copy of that original lease).

Does this sound like it's ok to return the security deposit to her as the original guarantor or should it still be made out to the Estate and sent to the Executor?

Loading replies...