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 over 9 years ago,

User Stats

5
Posts
0
Votes
Dallas Knoll
  • Durango, CO
0
Votes |
5
Posts

Renter broke lease. Not giving back deposit of pne month?

Dallas Knoll
  • Durango, CO
Posted

I have new renter who broke lease after 9 months. Originally I rent for 1500 month. I have told  previous renters I would lower rent if signed 2 year lease. In this case 1400 month. This renter gave me 1500 deposit. and signed 2 years lease and broke lease after 9 months stating cannot afford any more  and does not want to be in with roommates  any more. So I am already out 900 dollars that I would have got for 1 year lease.

 I have decided to put the house up for sale after much thought and hence won't be doing diligent looking for replacement renters. I am on good terms other than rental lease being broken. House has normal wear and tear. I am planning on keeping 1400 and giving back 100 for dog deposit. Am I in legal rights to do this? I am in Colorado and from all I have read I am in the right here.

Loading replies...