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Updated almost 5 years ago,

Alan Bosca's profile image
Alan Bosca's profile image
Alan Bosca
  • Member since Nov 18, 2018
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Alan Bosca's profile image
Alan Bosca's profile image
Alan Bosca
  • Member since Nov 18, 2018
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Alan Bosca
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45
Posts
General Landlording & Rental Properties

Deposit has to be returned but unsure of damage estimate

Alan Bosca
Posted

Hi -

Tenant damaged my building in moving out. I have to return the deposit in a few days by law, but the HOA has yet to decide on which of several bids to go with.

Is it ok to deduct the high bid amount then return the rest if they go with a lower bid after the deposit has been returned?

Thx for any input!

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