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Updated almost 7 years ago,
Security deposit and inherited tenants
Hi,
Newbie to biggerpockets here.
We closed on a house in Chicago and our property manager is adamant that we return the security deposit that was transferred over from the seller. I've read the Chicago RLTO summary and read enough posts here to understand his point of view.
But how do I now ensure that the tenant will behave properly ? Some people here seem to suggest a move-in fee. How can this work with an inherited tenant? What are the other ways to ensure good tenant behavior?
Thanks