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Updated over 4 years ago on . Most recent reply

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Kimmie Cole
  • Real Estate Agent
  • Oakland, CA
1
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Property Management companies not releasing Security Deposit

Kimmie Cole
  • Real Estate Agent
  • Oakland, CA
Posted

HelloI have a question, in regards to Property Management in Kansas City, MO. I just recently changed Property Management companies due to many complications with the company, one being they would apply late fees before the owner disbursement. They also had maintenance fees (not approved by owner) "charged to the tenant" leaving a balance while changing over companies. With the transfer, they are now withholding the Tenant's Security Deposit and will not released it to the New Property Management Company. Stating that the Tenant has an open Balance for Repairs, in which they kept March rents to cover some repair cost. Can they Legal keep the Tenant's Security Deposit?

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,301
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Kimmie Cole:

HelloI have a question, in regards to Property Management in Kansas City, MO. I just recently changed Property Management companies due to many complications with the company, one being they would apply late fees before the owner disbursement. They also had maintenance fees (not approved by owner) "charged to the tenant" leaving a balance while changing over companies. With the transfer, they are now withholding the Tenant's Security Deposit and will not released it to the New Property Management Company. Stating that the Tenant has an open Balance for Repairs, in which they kept March rents to cover some repair cost. Can they Legal keep the Tenant's Security Deposit?

 It's hard to follow your post as there is limited information. One thing to note though, typically when a Property Manager charges something such as a repair to a tenant and the tenant doesn't actually pay for it, it's up to the owner to pay it.

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