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 about 3 years ago,
Security Deposit return to bankrupt tenants?
Our NIGHTMARE tenants finally moved out. They owed us over $15,000 in back rent and fees and then filed bankruptcy. (This is the 3rd time they've done this... one major reason we fired our Property Manager. Seriously, did he even do a background check??)
They are mean and aggressive and threatening. Now they've sent us a demand for their security deposit back. They said it's part of their "bankruptcy estate". I don't know much about bankruptcy law. I know the deposit needs to be returned within 21 days per Idaho code.
Is there any way we can keep this deposit to offset a tiny bit of the mountain they owe us? Can we remove some of the deposit for the MULTIPLE stains their pets left on our brand new carpet? Or the scratches in the wall? Paint peeled off everywhere they'd put up a Command strip?