General Landlording & Rental Properties
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,
No Security Deposit Letter for tenant who never had security dep
So I inherited a tenant to was on a verbal lease with $0 rent and $0 security deposit. I gave them notice and did cash for keys to get them to move our early! So far so good!
Wisconsin requires a landlord return a security deposit in 21 days or send a letter explaining why no deposit will be given. I briefly talked to a lawyer who suggested strongly that I still send a letter to the tenant's last known address (since they declined to give me their forwarding address). He said this would prevent the tenant from later claiming I didn't send a letter and then claiming they are owed a security deposit.
I'm looking for assistance on the wording of this letter. The advice I was given is to say that I believe there is no security deposit and even if there were it would not be returned for reasons x, y, and z. The unit was in pretty bad shape and requires all new flooring, they closed off a closet in one bedroom to make a bigger closet in another bedroom, very messy (not even close to broom swept).
Can anyone help with or have samples of some "no security deposit will be given" letters?