Hi Olga, This is a common occurence with some tenants. Hopefully you collected the last month and a security deposit upfront. If you did, you can retain them with no objection to return the funds as the tenants defaulted. Another option of course, which can be a lengthy process, is to take the tenants to small claims court. If the remainder portion is small, you might be better off letting it slide, accept that this is one of the hardships of owning rental properties and quickly turn around and rent it again to hopefully regain some of your loss. As a Realtor and general rule of thumb, we push to collect the 1st month, Last month and security. Sometimes there's a 2nd month security collected (1 for any month defaulted and the 2nd security for any damages that incure). Be wise in your qualifications (get background checks, credit checks, etc) and be thankful when you find a long lasting tenant that is on time with their dues. Best of Luck! Jose Gomez - Miami Realtor -
http://josegomezfl.sef.mlxchange.com - Tue Apr 8 2008, 10:42