Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 10 years ago,

User Stats

63
Posts
22
Votes
Joshua Rogers
  • Investor
  • Collinsville, IL
22
Votes |
63
Posts

Return the Deposit

Joshua Rogers
  • Investor
  • Collinsville, IL
Posted

To keep this brief, I will simply highlight that a tenant agreed to another 6 month lease beginning in January 2015 (agreed via text...perhaps not the most legally binding, but nonetheless).  They decided to move this month after giving me 30 days notice, and I didn't mention the 6 month lease at that time (for fear they wouldn't pay their rent as a way of utilizing their deposit for rent).  So, they broke the lease 3 months early.  Rent is $1350 a month.  Disregarding damages and a few other issues at the property, does the single fact that they broke the lease entitle me to keep entire deposit? (essentially they owe 3 months rent, for a total of $4050.)  Thanks for the help.

Loading replies...