Landlord Question and Answer Forum
question with the security deposit
I have 2 brothers that were renting my home together, and they each paid 1/2 of the deposit. They are from out of state, and one brother right after moving in, I was told by his brother that he had lost his job, and he was moving back to his home. I have no forwarding address for the brother that moved out right away. I asked the brother that is still living there if he has spoke with his brother at all, and he has not. What do I do with his portion of the deposit money, if everything pans out well? Do I give it to the other brother? I think he's thinking I'm going too, but I don't think I should, and he has not offered to give me a address, however, I have not come straight out and asked for one either. I don't think they are very close, one I think is adopted. (They lived apparently in different states).
Corinne M, MN on Tuesday, February 02, 2010
Ref:
RE: question with the security deposit
This can be a complicated situation. I always make a copy of the check I received for the security deposit and keep it on file. That is whom I make the return check out to. The other procedure I have practiced with non-related or married tenants, is to attach to the lease, a written agreement for whom should receive the security deposit at the end of the lease.
Posted by
Denise S, PA
on
Wednesday, February 03, 2010
Ref:
RE: Getting Money Upfront before move in
I have some tenants that would like to rent my house. Can I take money upfront towards their rent?, to guarantee that they are actually going to take it. They would not be moving in until March 1st.
Posted by
Mary T, OR
on
Sunday, February 07, 2010
Rent Receipt
This standard rent receipt records every aspect of a tenant’s payment, including amount, payment type, and date. Also includes memo space for individualized record-keeping.
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Property Management Agreement - Property Management Contract
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Extend the terms of an existing lease with just a few clicks of the keyboard using this customizable form.
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This document asks for the tenants authorization to automatically debit a tenants' bank account for the rent each month.
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