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Updated over 6 years ago on . Most recent reply

User Stats

35
Posts
4
Votes
Mushtaq G.
  • Plano, TX
4
Votes |
35
Posts

Unique request from my tenant to loan security deposit

Mushtaq G.
  • Plano, TX
Posted

Hi Experts,

Need your assistance, I have a very good tenant (senior couple), the guy went through some medical condition and he called me to check if I can loan half of security deposit to him just to cover expenses this upcoming month ( Jan'19), he said the rent is on auto-payment and I'll get complete rent but he wanted to see if I can give him half of security deposit to cover his expenses, I never dealt with this before and wanted to see the best way I can help my tenant here.  I dont think there are any forms available online for handling such query and I just dont want to write a check without some paper work to back me up just in case.

Appreciate your help!!

Most Popular Reply

User Stats

35
Posts
4
Votes
Mushtaq G.
  • Plano, TX
4
Votes |
35
Posts
Mushtaq G.
  • Plano, TX
Replied

@Tyler Faison @Mary M. @Bruce Lynn @Kyle J.

Thank you all for your suggestions, this is elderly  couple I feel I can trust, I liked the idea of not touching the security deposit so I took your advice on that, however I just agreed to half a month rent and balance paid in next three months

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