Refunding a deposit

Asked by Norma N Adrian Escobedo, Escobedo Thu Jan 8, 2009

am evicting a tenant, he states the I owe him a deposit. If the contract is not valid do I still have to honor it and refund the deposit?

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Steve Rizika, Agent, Santa Fe, NM
Fri Dec 25, 2009
The security deposit is generally for damages only related to the physical condition of the property. In NM, you most likely will have to refund him his security deposit and seek a judgement from Muncipal Court for the back rent.

Not the answer you want to hear but that is the scoop.
0 votes
Dallas Texas, Agent, Dallas, TN
Thu Jan 8, 2009
How could a contract not be valid if signed by tenant and property owner? If you are evicting a tenant you need deposit in order pay for rent not paid. Not enough info determine if the deposit is refunded if you dont have a contract.
Web Reference:  http://www.lynn911.com
0 votes
Bill Eckler, Agent, Venice, FL
Thu Jan 8, 2009
Norma,

This is a question best referred to an attorney for their intrepitation.

Good luck
0 votes
Search Advice
Search
Ask our community a question
Rental Basics in Espanola Zip Codes

Email me when…

Learn more