Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

29
Posts
2
Votes
Sandy S.
2
Votes |
29
Posts

Providing specific security deposit amount to tenant?

Sandy S.
Posted

Tenant is not renewing lease - Is it appropriate for a tenant to ask for a specific security deposit amount as they prepare to move out?  I have not had this happen before, and wonder how I could possibly give them a firm amount given that I have not done any move-out inspection.  I have not furnished this information up front, other than to say generically it is the original deposit + interest (NJ law) - deductions.  I am concerned they will be a stickler to any number they see before the lease ends.  How to address?

Most Popular Reply

User Stats

777
Posts
742
Votes
Curtis Bidwell
Pro Member
  • Rental Property Investor
  • Olympia, WA
742
Votes |
777
Posts
Curtis Bidwell
Pro Member
  • Rental Property Investor
  • Olympia, WA
Replied

Quote your local tenant/landlord law.  For my tenants I say, “Any deposit due you will be refunded within 21 days of vacating.” 

You don’t need to discuss or debate it. Itemize any deductions and send it within the timeframe allowed by your local jurisdiction.  

  • Curtis Bidwell
  • Podcast Guest on Show #95
  • Loading replies...