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Updated almost 2 years ago on . Most recent reply

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101
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James Nix
  • Rental Property Investor
  • Philadelphia, PA
64
Votes |
101
Posts

Tenant paid all funds to move in but prior to Move in Day can't

James Nix
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi everyone, 

So this question is actually from my Dad he owns a multifamily and is in the process of renting it out. He found a prospective tenant & got a security deposit ($750) from him to hold the unit for Move in Day. After that he also tells me that prior to Move in he collected the other Funds from him also ($1500).

But on Move in Day he tells my Dad his job is moving him to another state (Florida) and he will not be able to Move in and fulfill the lease. So my Dad is wondering will he be required to send all the Move in funds back to him? 

thanks in advance for any help on this Matter. 

Most Popular Reply

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,919
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12,321
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Did your Dad state security deposit was non refundable?

Was the lease signed? Then it was fulfilled and this is breach of contract and they need to give 30 days notice that they are terminating lease.

It all goes back to what your lease says.

  • John Underwood
  • Loading replies...