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Updated almost 8 years ago on . Most recent reply

User Stats

75
Posts
39
Votes
Don Daniels
  • Spring, TX
39
Votes |
75
Posts

Divorce... security deposit?

Don Daniels
  • Spring, TX
Posted
So, not sure there is a problem but I want to be proactive here. The tenants in one of my properties will not be renewing their lease due a divorce. How would you handle the security deposit? Would you just return it to the main tenant and let them / divorce decree deal with it or would you require they put something in writing that spells out their agreement on the disbursement. I only know they're divorcing because one of them indicated that as the reason they would not be renewing. They have been model tenants and I don't expect any issues. Do I need to get in the middle of this or just pay one and be done? My intuition says just cut a check to the one I've been dealing with all along.

Most Popular Reply

User Stats

119
Posts
101
Votes
Shannon Slade
  • Forney, TX
101
Votes |
119
Posts
Shannon Slade
  • Forney, TX
Replied

Are both names on the lease as tenants?  If so, then write the check out to both parties, that way one cannot screw the other.

I would not get involved with their family issues.  

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