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Updated over 8 years ago on . Most recent reply
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- Head of Real Estate Investing at BiggerPockets
- Seattle, WA
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Tenant Never Cashed Check
Just got an email from a former tenant. I returned his security deposit 8 months ago, but he never cashed it. Now he wants me to write him another check. Of course right after I just did all my bookkeeping and taxes.
Lease is fairly vague on this but does say, in reference to returning the tenant's deposit:
"Owner is deemed to have complied with this paragraph by mailing said statement and any payment required to the last known address of Resident."
I'm fairly sure I am going to write him another check, just because I don't want to be a jerk, but thought it would be a good question for the community.
What would you all do?
Most Popular Reply
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I would send it as well. But first cancel the old check number with your bank. If there is a fee take it out of the money owed to them. Depending on state law, you could probably charge a check reissue fee as well. Good luck.