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Updated almost 2 years ago on . Most recent reply

Inherited tenants w/ no security deposit
Are we as landlords allowed to request a security deposit from inherited tenants if the previous landlord did not collect it?
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- Real Estate Broker
- Cody, WY
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Quote from @Eric Andrekopoulos:
Are we as landlords allowed to request a security deposit from inherited tenants if the previous landlord did not collect it?
You can still request a security deposit from Section 8 tenants.
If they are under a term lease, you'll have to wait until time for renewal to force this on them. If they are on a month-to-month, then you can give them 30 days notice (or whatever your state requires for lease changes).
If it were me, I would approach the Tenant and let them know this will be a requirement. Give them the option of (a) making payments so the deposit is made in full by the time of renewal, (b) pay the full deposit when they renew, or (c) not renew and move at the end of the lease.
If they agree to make payments, get it in writing so there's clarity as to what they agreed to.
- Nathan Gesner
