Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Oklahoma Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

11
Posts
11
Votes
Jenny Adel
  • Investor
  • Edmond, OK
11
Votes |
11
Posts

Inherited Tenants and Security Deposit

Jenny Adel
  • Investor
  • Edmond, OK
Posted

My parents have recently inherited a tenant in a tri-plex in which the previous owner/landlord SPENT the security deposit (obviously illegal- lots more shady business in this deal gone bad). My question is- how do my parents legally proceed in the state as far as giving or not giving a security deposit back when the tenant moves out next month? Thanks!

Most Popular Reply

User Stats

13,926
Posts
12,727
Votes
Replied

You do not have options. Legally if there are no damage repair costs the landlord must return the deposit. The fact that the new owner did not do their proper due dilligance to protect themselves during the purchase process is not the tenants problem.

Loading replies...