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Updated over 2 years ago,
Early Termination & Security Deposit
Hi, my tenant just broke her lease and moved out a few days ago. The place was left in good condition, clean. Only one thing missing, which I’ll need to see how much it will take to replace.
Beyond that, she did choose the break lease termination option to continue paying rent as it came due until I can get it re-rented. That said, the property is in Florida, and while my condo is fine, she didn’t work for an entire week and therefore doesn’t have the money for the full payment for October (in addition to the money she put in towards her new place). She did give me a portion of October rent, which I am appreciative for, and is working to get me the rest once she gets her next check.
My questions are: 1) With an early termination, I assume I don’t wait until I re-rent the condo before returning her security deposit, right? Security deposit gets returned in the timeframe from her being “vacated” right?
2) Since she’s technically late and has moved out, am I able to apply her security deposit to the unpaid rent (even though she is planning to pay me for October)?
Thanks for any help and guidance! This is my first early lease termination.