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Updated over 8 years ago on . Most recent reply
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Security Deposit
Hello all,
Just have a quick question regarding a security deposit for my property. I had a lease set up as a probationary period that was split up into two 6 months leases. One of the 5 tenants is not renewing the 2nd leg of the lease, since she is having personal/health issue due to age and moving out. She wants me to send her a check for "her portion" (1/5th) of the security deposit back. Am I responsible to do that or does she have to collect that from the 4 other people? I was going to just transfer the security deposit over from the last lease on to the new one so that I didn't have to deal with collecting the 1/5th off my current tenants and send her a check.