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All Forum Posts by: Tyler Harrison

Tyler Harrison has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: Tenant unable to pay rent and wants to use security deposit.

Tyler HarrisonPosted
  • Investor
  • Lynchburg, VA
  • Posts 1
  • Votes 0

I am a new landlord who bought an already occupied rental property. The tenants have been there for almost two years and haven't missed and rental payments. One month after we buy the property the tenants inform us that they are in the process of getting a new job. They are unable to pay next months rent and want to use their security deposit. We have two months rent as the security deposit. Would using half of the security deposit be alright? 

0 Votes