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Updated about 7 years ago on . Most recent reply

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43
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7
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John Kim
  • Investor
  • Las Vegas, NV
7
Votes |
43
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Existing tenants - security deposit

John Kim
  • Investor
  • Las Vegas, NV
Posted

I took over a property with existing tenants that have a large dog.  I am not sure what the condition was like before, but I suspect that the dog has damaged the hardwood floors.

How would you handle the security deposit once they move out?

Most Popular Reply

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9,365
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,551
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9,365
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Replied

You would need documentation as to original condition. Also, check your state laws to make sure you are in compliance with handling of SD. Last, see what your lease states, and if a dog is permitted.

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