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Updated about 8 years ago on . Most recent reply

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153
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Steven Segal
  • Rental Property Investor
  • Leucadia, CA
53
Votes |
153
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Florida - Last month rent - Tenant trying to use security deposit

Steven Segal
  • Rental Property Investor
  • Leucadia, CA
Posted

Looking for how people handle this in Florida....

Tenant is moving out due to an increase in rent. They said that they want to use security deposit to cover last months rent, but we obviously do not allow that.  She said she has no option due to amount of money she will have to put down for a new place and moving expenses. However, this is obviously not good for us. 

How do you generally handle this situation? Do you evict (seems like money you may never get back, ect)?

Most Popular Reply

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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
1,999
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3,177
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
Replied

@Steven Segal

Your real "leverage" is when the next landlord calls you up for a reference.

Just remind them that the rent has to be paid on time and to expect a walk through inspection based on the terms from their lease agreement.

Assuming these apply, remind them:

Security is to be kept in a special escrow account and not to be used by the landlord for physical or financial damages until after the tenant has "vacated" the property.

Failure to pay rent will result in the destruction of their credit rating.

And if they still refuse, let them know that they will be responsible for any late fees, collection costs and attorney fees from any legal action to get the rent due per the lease...

The quicker they vacate and you get to inspect the property, the quicker they'll get their security deposit back.

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