Adding husband to rental agreement, how to handle deposit?

[Kimberly T.]

Background: we had new tenants move into a 2 bedroom unit about 6 months ago on a month to month agreement. It is a woman and her adult daughter (both listed as tenants and contributing income toward rent), plus the woman's minor child as an occupant. Been good, clean, quiet tenants so far.

Got a call yesterday that the woman wanted to pick up an app for her husband to be added to the rental agreement. We met with them and he filled out an app, and his credit and background came back fine, and no evictions, so we're ok with him. His "job" is that he buys storage units and resells the stuff at the swapmeet, so no W2 type employment. No idea why he didn't move in originally.

So... I'm thinking we'll draft up a new agreement for them all to sign. No issue there. But for the security deposit, is it ok to just write 2 receipts like this: one receipt saying we returned the deposit to the 2 current tenants, and another receipt saying that all 3 of them gave us a deposit (so they are now all covered by the deposit)? Just seems easier than having them give us a whole new deposit and then us refunding the original deposit to the current 2 tenants. Is there a better way to show a paper trail for the deposit now being covered by all 3 tenants? Do we actually even need a paper trail, or will the new rental agreement cover that just because they're now all listed as tenants with that deposit?

Thanks!

[Jeff B.]

Had similar sit in January.

• Created Addendum to add name to list of residents
• Reference original Lease Signed by xxx Dated yyy

Created clause to addendum:

• Regardless of which adult moves out FIRST, the deposit will be held until the last adult terminates the lease and demises his/her residency. The deposit will be handled in consideration of the original Terms & Conditions.

Get all parties to sign/date the addendum and YOU keep a signed copy