Which are you using and why? The Chicago Association of Realtors is recommending landlords move away from deposits due to their punitive nature. Tenant can sue for 3X and usually win here. 1 months' rent is a pretty s...

When doing a lease assignment do you get the end buyer to give a security deposit first AND last months rent along with the option to purchase fee ?? Or does some of my option consideration fee go to the landlord as t...

We flipped a house with an outdoor swimming pool, which is 1.5 hours driving distance from my home. Currently, the house is listed for sale.  The agent is also far away from the house. Today I got a call from a neighb...

Hi all,I own a townhouse in Bellingham, MA that I have rented for the past four years.  Our tenants lease came up at the end of December and we are now under contract to sell at the end of January.  The tenants left t...

I recently had a tenant move out who caused damage in excess of their security deposit.  I sent them an itemized list of the charges/repairs and a bill for the excess.  They are requesting that I send them copies of t...

So, I have a non-married couple who are at the end of their lease and one party wishes to leave the home and the relationship. The other party may wish to remain in the home and renew for another year. Assuming I deci...

I just closed on a property with an inherited tenant.  The tenant is moved out and really hasn't caused any noticeable damage, however I did not receive a move in condition report from the previous owner.I do have the...

I have a tenant in Sacramento, CA requesting interest on his Security Deposit.He claims the last property management company gave it to him.My research has provided me with the following...Paying interest on security ...

I am closing on my first duplex on Monday and it comes with two inherited tenants.  The previous landlord required security deposits, but his lease allowed him to deduct late rent, late fees and unpaid utilities from ...

Hello,I'm a newbie. I recently purchased a 3 unit rental property. It is fully occupied with great tenants. I charged security deposits but from the discussions I've been reading it sounds like a Move In fee is the wa...