Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

26
Posts
1
Votes
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.

Loading replies...