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Updated almost 6 years ago,

Jason Krawitz's profile image
Jason Krawitz's profile image
Jason Krawitz
  • Flipper/Rehabber
  • from Mount Juliet, TN
  • Member since Nov 2, 2014
Connect

User Stats

107
Posts
36
Votes
Jason Krawitz's profile image
Jason Krawitz's profile image
Jason Krawitz
  • Flipper/Rehabber
  • from Mount Juliet, TN
  • Member since Nov 2, 2014
Connect
Jason Krawitz
  • Flipper/Rehabber
  • Mount Juliet, TN
36
Votes |
107
Posts
General Landlording & Rental Properties

3 tenants. Only 2 renewing. How to handle the 3rd's deposit?

Jason Krawitz
  • Flipper/Rehabber
  • Mount Juliet, TN
Posted

Greetings BP folks. I have a property with 3 tenants on the lease. Only 2 are renewing. How would you suggest I handle the security deposit for the 1 tenant that is leaving? Would it be too simple to just refund 1/3 of the total deposit to her and move on? Should I make the other 2 tenants pay the portion of the deposit being refunded to the vacating tenant? 

Thanks!

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