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Updated over 7 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Vince W.
  • Real Estate Investor
  • Missouri City, TX
0
Votes |
3
Posts

Deposit Deduction for Missing Range

Vince W.
  • Real Estate Investor
  • Missouri City, TX
Posted

Hi all 

New guy here. we just purchased this investment property, seller leased back 15 days after closing. When seller moved out, we noticed the range was missing, we are asking $500 to be deducted from lease back deposit for replacement cost. Seller wanted to return the range back, we refused due to liability issue. I want to know if our action is legit. Any comments are welcomed. Thanks.

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