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Updated over 7 years ago,
Security deposit as last months rent? yes or no...
A little history-selling my rental and asked tenant if they are interested in cash for keys if they move out by June 1. The offer would have to be signed by the end of this month if interested. Meanwhile, rent was due for April 15 and they did not pay. They have always paid their rent monthly so this was odd. I contacted him with no reply. Four days later I get an email and he states he found a place to move into in June but that between security, moving fees etc it's very expensive and that he needs me to use ALL the security to cover him until he moves out. He said that since he was trying to comply with my wishes that he had no choice. Odd thing to say.....He listed out all the expenses associated with the move-about $8000 (security, realtor fee, first months rent, moving fees etc). Ultimately, I would like the tenant to move so that I can get on with selling the property so I am debating whether to let them use the security for the final months rent or not. It will be much easier to sell the place without a tenant in there. Any input would be appreciated.