Security deposit question

[Koob Moua]

Hey BP family, Wanted to reach out to you guys here. Question I have is that I just closed on his duplex, and one of the tenants is not renewing her lease and is suppose to vacate at the end of this month. From my understanding of the previous management company she has not paid her last months rent for this last month of July yet. But we have her security deposit, can we not give her anything back and keep the security deposit for the month of July? Or do we have to give it back to the tenant if the property meets the requirements after walk through of inspection? Let me know your guys thoughts and how you will handle this situation. This is my first time owing a rental property.

[Kyle J.]

A security deposit can be used to satisfy unpaid rent.  Of course, then you won't have anything leftover to cover any damages, which is why most leases prohibit tenants from using it as payment for the last month's rent.