Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

571
Posts
221
Votes
Stephen S.
  • Wholesaler
  • Holiday, FL
221
Votes |
571
Posts

Florida PM kept security - subject to triple-damages ?

Stephen S.
  • Wholesaler
  • Holiday, FL
Posted

This is in regard to a Florida based property management company.  Their basic MO (I have since discovered) is that they never return security deposits.  They tell the landlord that it was required to give the security deposit to the tenants - and they tell the tenants that the landlord refuses to give back the security deposit.  Usually this apparently flies and the PM keeps the security themselves.  When either of the parties sue them they go to court and always lose and always write a check when ordered to.

In NJ if a landlord refuses to give a security deposit back, and/or fails to detail the handling of the security. (Why it wasn't returned, etc.). The landlord is subject to triple damages.  That is: if the landlord loses in court he has to pay 300% of the security deposit to the tenants as 'damages'.

My question for you all now is:  Does Florida have such a penalty scheme in place?  And . . . . . Would it apply to this situation?   

The tenant left the property six weeks early and did not pay the last months rent and there was some slight damage

.  So the tenant is Not entitled to receive the security deposit back in this case.  I have spoken to the ex-tenant and they Did Not receive the security deposit back.  Making the PM thieves AND liars. 

Stephen

----------------

  I

Loading replies...