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Updated almost 8 years ago,
Second non-refundable rental deposit
I wanted to know if someone could help me with a question, I have a rental property in DFW TX that I want to lease, but in the past many of my tenants that I have had have problems with renting because they don't have proper legal documentation or have past evictions, & we do second chance leasing to help where other companies will not.
But when the tenant leave the house it is in need of more repairs than normal wear & tear, so I wanted to add a second non refunable deposit is that ok here in DFW?
First deposit is refunded if property is returned the way it was given.
Also we do maintain & take care of our properties & are diligent landlords, but we have taken substantial loss that deposit alone DONT cover to make ready again.
What advice do you have? Can this be done with prior consent to tenant moving in?