Some Landlords will collect a security deposit at the beginning of a lease and never think about it again. For one, they may have simply deposited the fund, and now that money is long gone.
Maybe the deposit was used as a fee paid to an agent for securing the tenant in the rental unit. In any case, the Landlord forgets about the deposit until a letter arrives from a former Tenant demanding a full refund, plus additional penalties, court costs, and attorney’s fees.
What do you do then? Hopefully, you are not at this point presently. You have options to defend yourself from this kind of claim, but the best defense is a good offense. Before your tenant can make a demand like this, you should be taking steps to make sure your tenant has no reasonable claim for a lawsuit under Texas Property Code 92.109 for a wrongfully withheld security deposit. Watch today’s video to find out more!
Maybe the deposit was used as a fee paid to an agent for securing the tenant in the rental unit. In any case, the Landlord forgets about the deposit until a letter arrives from a former Tenant demanding a full refund, plus additional penalties, court costs, and attorney’s fees.
What do you do then? Hopefully, you are not at this point presently. You have options to defend yourself from this kind of claim, but the best defense is a good offense. Before your tenant can make a demand like this, you should be taking steps to make sure your tenant has no reasonable claim for a lawsuit under Texas Property Code 92.109 for a wrongfully withheld security deposit. Watch today’s video to find out more!