Landlord may deduct reasonable charges from the security deposit for: Damages to the Property, excluding normal wear and tear, and all reasonable costs associated to repair the Property; Costs for which Tenant is responsible to clean, deodorize, exterminate, and maintain the Property; Unpaid rent; unpaid late charges; Unpaid utilities and utility expenses Landlord incurs to maintain utilities to the Property as required by this Lease; Unpaid pet charges; Replacing unreturned keys, garage door openers, security devices, or other components; The removal of unauthorized locks or fixtures installed by Tenant; Landlord’s cost to access the Property if made inaccessible by Tenant; Missing or burned-out light bulbs and fluorescent tubes (at the same location and of the same type and quality that are in the Property on the Commencement Date); Packing, removing, and storing abandoned property; removing abandoned or illegally parked vehicles; Costs of reletting , if Tenant is in default; Attorney’s fees, costs of court, costs of service, and other reasonable costs incurred in any legal proceeding against Tenant; Mailing costs associated with sending notices to Tenant for any violations of this lease;Texas Residential Lease Agreement Any other unpaid charges or fees or other items for which Tenant is responsible under this lease; Cost to restore walls, flooring, landscaping or any alteration to the Property not approved in writing by Landlord; Damages to the Property caused by smoking, including but not limited to stains, burns, odors, and removal of debris; and costs to rekey certain security devices, as provided in Paragraph 19.2.

Person D pays Person C the 1/3 deposit directly, and the deposit on hand now becomes the property of D if/when they leave, since the lease is being altered to read "A,B, & D"; OR2.

@Natalie Kolodij I get this and expected this response.I guess what I'm getting at is I know at least one of the members being alluded too here and they are genuine and their free advice has helped me jumpstart a life that will alter my wife and I's entire future.And I've continued to get advice even after stating that I will not be investing in others' deals because my money is tied up in my own.Often times passion for industry, passion for teaching and passion for succeeding aren't exclusive from each other and easily separable.

I'm certainly not trying to alter your world view.

It can be done, but arguments of alter ego for "same owner' LLC's with same busines purpose and arguments of piercing the veil are not difficult arguements to make and win.

15.Alterations and Improvements.

Daniel Miller: Since you have the C.A.R. lease form now look at section 17 Alterations/Repairs.

Anyone reading this should be aware that the laws can change and dramatically alter your plan. 

This is of course if it was done with permits and never altered. 

The way it works around here is any guest or visitor that comes to the rental home that does any alterations or damage to the home, the person on the lease is liable for it.