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Updated over 7 years ago,

User Stats

723
Posts
680
Votes
Jonathan Taylor Smith
Agent
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
680
Votes |
723
Posts

Who Gets The Security Deposit Refund?

Jonathan Taylor Smith
Agent
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
Posted

So, I have a non-married couple who are at the end of their lease and one party wishes to leave the home and the relationship. The other party may wish to remain in the home and renew for another year. Assuming I decide not to offer a renewal to either party or the solo party doesn't qualify on their own and our inspection finds that a full refund of the security deposit is due - to which party does it belong? There's now hostility in the relationship and both may attempt to claim the funds as their own.

  • Jonathan Taylor Smith
business profile image
Blue Chariot Realty & Management
5.0 stars
8 Reviews

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