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Updated over 11 years ago on . Most recent reply

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21
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1
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Yvette Dietrich
  • Lothian, MD
1
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21
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Tenant leaves month 5 on a 1-year lease, is security deposit kept?

Yvette Dietrich
  • Lothian, MD
Posted

Tenant signed 1-year lease with no terms of early termination, lost her job and gave me 30 days written notice. Can the security deposit be kept on this basis alone?

Thank you for your reply,

Yvette

Most Popular Reply

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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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28,287
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

Yes you can keep the deposit to offset costs of remaining rent owed to you. Yo0 may also go after her for the rest of the rent. Check state Law b/c they are different but alot of the time you can not collect double rent. So if you get someone in there to replace her and you only had it vacant for 2 months you can use the deposit to cover however much of those 2 months it covers and go after the remainder of those 2 but you can not collect for the remaining 5 months.

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