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Updated 5 months ago on . Most recent reply

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121
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Cali Skier
  • Oklahoma City, OK
12
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121
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We need to return deposit to tenants that just got divorced. Think I know the answer

Cali Skier
  • Oklahoma City, OK
Posted

Tenants are divorsing and leaving the property and we are now ready to return the deposit.  There is understandably a lot of drama between them that we have had the opportunity to hear about, but we are not interested in that.  How do we return the deposit?

Both signed the lease, so I think I split it in half and give it to both and let them go fight it out.   I dont know anything about which of them put the money up or if it was some fraction from both and don't intend to try to study that out.  We are sure one of them will have some sort of story as to why it should all go to them.  I think we split it between and wish them a good day.

Thoughts?

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Chris Seveney
  • Investor
  • Virginia
15,762
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Cali Skier:

Tenants are divorsing and leaving the property and we are now ready to return the deposit.  There is understandably a lot of drama between them that we have had the opportunity to hear about, but we are not interested in that.  How do we return the deposit?

Both signed the lease, so I think I split it in half and give it to both and let them go fight it out.   I dont know anything about which of them put the money up or if it was some fraction from both and don't intend to try to study that out.  We are sure one of them will have some sort of story as to why it should all go to them.  I think we split it between and wish them a good day.

Thoughts?


 I would make the check out to both of them and let them figure it out as I assume the lease agreement did not have who was responsible by percentage.

  • Chris Seveney
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7e investments
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