As the landlord, you have to agree to the lease assignment or demand a new one (considering that it's an MTM) and that entails whatever deposit and/or background checks you may require. 

Hi, I was wondering what you think about not taking security deposits, since I happen to think people would  rent such an apartment much faster. thank you

If the GC requires a deposit and the HML only pays after work is completed (completely makes sense) does the deposit come out of pocket? 

Their earnest money deposits are NON REFUNDABLE for investors.

My cleaners know the clean rate and receive their deposit two days after they confirm it's clean.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Use the deposit for cleaning/repairs, refund any remainder, and move on.In the future, you may want to have written rules regarding shared parking spaces.

Chris,If you own the property and you self manage, you don't need to be a licensed broker.The legalities are endless when you self manage from Lead Based paint disclosures to fair housing so please educate yourself.Good luck!

As per the lease they were supposed to collect Pet Deposit, but they claim they made a mistake and did not collect pet deposit.One of the tenant's has filed for rent relief and their documentation is not given.

What is an average security deposit for a garage rental?