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Updated about 4 years ago,

User Stats

31
Posts
35
Votes
Cody McVay
  • Rental Property Investor
  • Columbus, OH
35
Votes |
31
Posts

Existing tenant - security deposit

Cody McVay
  • Rental Property Investor
  • Columbus, OH
Posted

Hello Bp!

I recently purchased a duplex in Columbus, OH. When I purchased the property I received the existing lease which stated a $0 security deposit. I had the tenant sign an estoppel agreement and he stated he paid an $800 security deposit.

He did have proof from the guy who owned the property before the owner I purchased from that he paid the security deposit.

How should I handle this? Is this a scenario where I need to eat the deposit? Should I get an attorney involved?

Thank you all for the help in advance!

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