Tenant Security Deposit AFTER Move-In?

[Mark S.]

My property management company is a large, reputable turnkey company. I’m getting ready to purchase another property with them. I was going through my two existing leases with my two existing properties with them. I noticed that they collected a security deposit on one tenant and not the other. The tenant they didn’t collect a security deposit on was an existing tenant that moved to another one of their homes (mine) under management. I am planning to inquire to the property management company as to why there was no security deposit collected for this tenant. Are they able to collect one now after the lease is already signed (1-year lease), or do they need to wait until lease renewal? If they collected one for the previous home the tenant rented from them, assuming it wasn’t used up on the other property, is it reasonable to ask that it be transferred to my current propert that the tenant is actively occupying?

[James Wise]

Originally posted by @Mark S.:

@James Wise, @Aaron K.

Would it be reasonable / legal to ask the tenant to now provide a security deposit while in the middle of the lease?

No. Lease is already a done deal. Can't stay dry if you've already jumped in the pool.