Security deposit

[Cheryl Naegel]

Hi there!   6 months ago, I rented my home.  There initially was a $700.00 security deposit.  The renter asked if he could paint the inside of the home (it needed it) in exchange for his deposit.  I furnished the paint.  He is now moving and expects to get all or part of his deposit back. ---$700.00.  Do I owe him all or part back since it was in exchange for labor? The home is in Indiana.

Thanks to anyone who can help!     

[Scott Weaner]

Since it needed paint, and the tenant did the work, I would give him his deposit back. I suggest that in the future you don't do a deal that way.