Landlord Question and Answer Forum
I am a landlord in New Mexico. My question is, if a tenant breaks the lease early is their security deposit forfeit?
Lisa G, NM on Thursday, June 19, 2014
RE: Security Deposit
The security deposit is not forfeited but it can be used to cover unpaid rent. You may need to issue a notice of security deposit withholding and note that it is being held to pay unpaid balances.
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