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Updated over 5 years ago on . Most recent reply

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Charlie Moore
  • Rental Property Investor
  • D.C
102
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501
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They broke lease but are still living there....

Charlie Moore
  • Rental Property Investor
  • D.C
Posted

Broke the lease but I’m letting them stay.

Am I required to give them security deposit back???? ( they didn’t pay for 50 days on late rent but finally got it paid up )

Most Popular Reply

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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

So they're now caught up on rent

Still in the unit 

What would you keep the deposit for?  

If they are late on rent your options are evict or no - you can't really choose to let them stay then charge them an extra $1500 or such because you're annoyed they paid late. 

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Kolodij Tax & Consulting

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