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Updated over 4 years ago,

Mitchell Johnson's profile image
Mitchell Johnson's profile image
Mitchell Johnson
  • Rental Property Investor
  • from Cartersville, Georgia
  • Member since Apr 28, 2018
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User Stats

135
Posts
62
Votes
Mitchell Johnson's profile image
Mitchell Johnson's profile image
Mitchell Johnson
  • Rental Property Investor
  • from Cartersville, Georgia
  • Member since Apr 28, 2018
Connect
Mitchell Johnson
  • Rental Property Investor
  • Cartersville, GA
62
Votes |
135
Posts
General Landlording & Rental Properties

Wording concerning security deposit when renewing lease

Mitchell Johnson
  • Rental Property Investor
  • Cartersville, GA
Posted

The lease I have with a tenant currently states "The Tenant agrees to pay the Landlord $1275 as a security deposit. The security deposit will be returned to the Tenant...blah blah"

When the lease renews should I change that wording to something like "tenant currently has a security deposit in escrow. 
The security deposit will be returned to the Tenant...blah blah"?

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