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Updated over 7 years ago on . Most recent reply

User Stats

26
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1
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Jake Valkusky
  • Real Estate Investor
  • Maple Shade, NJ
1
Votes |
26
Posts

Question about Security Deposit and Disposition of Deposit

Jake Valkusky
  • Real Estate Investor
  • Maple Shade, NJ
Posted

Hey, BiggerPockets!

We currently own several properties in Pennsylvania and rent them out to tenants. Recently we had a lease end and tenant move out. We performed the move-out inspection and had to withhold $200 for cleaning and repairs.

We sent the tenant the remainder of the security deposit as well as a disposition of deposit showing the deductions. This was sent out within the 30-day period.

The tenant contacted us disputing the charges and threatening to sue for 2x the original deposit, which was $1750.

My questions are: If we lose, what is our maximum liability? Is it 2x the initial deposit of $1750? Is it 2x the disputed amount, which would be $200? Or would it just be the $200?

Thank you in advance, I am looking forward to your helpful replies.

Most Popular Reply

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1,675
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839
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Jim Adrian
  • Architect
  • Papillion, NE
839
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1,675
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Jim Adrian
  • Architect
  • Papillion, NE
Replied

@

 This sounds like a verbal threat over $200.  I would call there bluff.   Like @Deanna McCormick said, start with your local laws.  Print them out and read, highlight and note them up as needed.  Always take a pics and video of the space.  Cell phones make this so easy now days.  

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