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Updated almost 7 years ago,
Judgment & security deposit
Hi all, I have found so much useful information on BP just browsing so I decided to join. I am seeking an understanding of something in particular that I haven't been able to find in the forums.
It is likely that we will be seeking an eviction judgment against our current tenant and I am wondering how the security deposit factors into that judgment.
We will ask for rent & fees owed and court costs in the judgment. Does the security deposit only factor in after we win possession and assess the unit's condition? Then do we apply the security deposit to damages and rent owed (lease specifically states we can) and send a bill for the remainder? Do we file a partial judgment satisfaction after applying the security deposit to amounts owed?
I hope my questions are clear... I'll gladly clarify if needed. Rental property in Lexington County SC. Looking forward to your experienced insight!