Q) My tenant is on a one year lease and just gave my a 30 day notice to vacate after his 5th month. Can I keep his deposit?
A) Yes. Once you take back possession of the unit you have 21 days to send out an itemization of the security deposit. On that you will indicate that the tenant owes rent for the remainder of his lease and any damages. When you subtract the security deposit, it will show a balance owed to the owner.
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