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Updated over 8 years ago on . Most recent reply
Lease renewals
When renewing a 12 month lease with an existing tenant, who already has a deposit, does the lease language change regarding the deposit? Or does the language remain the same as is it assumed that the prior deposit is covering for the deposit?
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You write up a new lease, the security deposit amount does not change,you list that as same as before, if you have a rent increase for the new lease term you'd change that amount.