Update!
I meet the guy for 5mins at the location we agreed on Monday.
Before I gave him a check for $1200 , I made him sign a settlement agreement
Posting this here for other BiggerPockets members if you ever find yourselves in this situation:
"Move out money/refund of security deposit
This settlement is made and entered into this , between (Landlord ) and (Tenant) pertaining to the security deposit for the premises located at
Both parties have acted in good faith to settle this claim and this agreement represents the full and final payment of this claim
We have come to the following agreement:
1)Landlord gave the tenant $1200 (One thousand two hundred dollars) in form of a personal check no __. This is the FULL and FINAL Payment and this means now all claims against the security deposit are PAID in FULL.
2)Tenants shall only cash this check if they agree to the terms of this agreement.
3)This check represents the full final refund of money to be returned by owner to the tenants at the end of this lease.
4)Below you will find details of your security deposit refund.
Security Deposit +$2,200
Less Deduction -$1000
Balance Due: +$1,200
5)Now that’s this debt is paid. I do not expect to hear from you except to confirm that account is paid. I will consider any other contact from you or your attorney as harassment and will take whatever legal action is necessary to protect myself
The Tenant signing this settlement hereby state that all questions about this settlement have been answered, that they fully understand all the provisions of the agreement and the obligations and responsibilities of each party, as spelled out herein.
Tenant’s signature Date"
While some here may see this as letting the tenant taking advantage of Landlord, I agree but I weighed the pros and cons. Swallowed my pride and cut the losses.
My intention was to end this, learn and then move on with my life.
The best advice I got from the forum was :
1) Stop negotiating, Was my fault to try negotiate. @Nichole W…thanks for pointing that out on our call.
If you are in this mess…please stop negotiating , it will only aggravate the situation
2) Stop communicating by phone and texts.
FYI……..On the front of check I wrote "FULL and FINAL Payment" …and then ….on the back where he endorsed I wrote " Payment in FULL for security deposit return for lease @Address".
He cashed the check today….I can sleep better now.