Landlord Question and Answer Forum

Forum / General Property Management / Security Deposit 2
At what point do I collect security deposit? Do I wait until I choose which applicant I want if I have multiple applications? If I collect one deposit does it mean that I have to go with them if everything checks out? thanks.
Valerie K, MI on Sunday, August 10, 2008
RE: Security Deposit 2
I usually collect the security deposit after I have chosen a tenant. But it is a personal choice. But collecting one saves in having to return a bunch of security deposits.
Posted by Denise S, PA on Monday, August 11, 2008
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