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Updated almost 6 years ago on . Most recent reply

User Stats

18
Posts
20
Votes
Kerry Grimshaw
  • Investor
  • Plainfield, CT
20
Votes |
18
Posts

Security Deposit nonrefundable if lease is broken

Kerry Grimshaw
  • Investor
  • Plainfield, CT
Posted

I recently had a tenant who moved out for personal reasons prior to the end of her lease period. It was a one year lease (she moved 6 months early) My lease states: If you move prior to the end of this lease period then you will forfeit your security deposit. Would this clause legally stand up in court? 

Most Popular Reply

User Stats

466
Posts
245
Votes
Scott P.
  • Rental Property Investor
  • Indiana...mostly
245
Votes |
466
Posts
Scott P.
  • Rental Property Investor
  • Indiana...mostly
Replied

I'm not a lawyer but I believe it would stand up in my State.  I think the reason for the deposit to help ensure the tenant fulfills the lease.

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