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
General Landlording & Rental Properties
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 almost 2 years ago on . Most recent reply

User Stats

32
Posts
12
Votes
Eric Andrekopoulos
  • Rental Property Investor
  • North Carolina
12
Votes |
32
Posts

Inherited tenants w/ no security deposit

Eric Andrekopoulos
  • Rental Property Investor
  • North Carolina
Posted

Are we as landlords allowed to request a security deposit from inherited tenants if the previous landlord did not collect it?

Most Popular Reply

User Stats

28,112
Posts
41,135
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,135
Votes |
28,112
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
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
business profile image
The DIY Landlord Book
4.7 stars
166 Reviews

Loading replies...