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Can I keep my roommates deposit?
No. If tenants are sharing a rental property and each paid part of the security deposit, the landlord is under no obligation to return part of the security deposit if one tenant moves out early. The security deposit is usually only returned when the tenancy ends.
What happens to rent deposit if you split up?
In most cases if the division of the deposit is not clearly stated in the tenancy agreement the deposit protection schemes will invariably split it equally among all tenants, minus deductions should there be any, at the end of the tenancy.
How can I remove someone from my lease?
Removing Someone From a Lease So, begin by asking your roommate if she is willing to accept the entire responsibility for the monthly rental fee. If she agrees, your landlord may be willing to create a new lease in your roommate’s name only. In this way, you are effectively removing someone from a lease.
Can I get my security deposit back if my roommate moves out?
The same principle applies to the security deposit agreement between roommates. If one of the occupants decides to move out early and request back their portion of the security deposit, you can bet it won’t be coming from the landlord. They’ll likely not refund any portion of the deposit with tenants still occupying the apartment.
What happens to the security deposit when a tenant moves out?
Even if one tenant has moved out of the property, returned the keys, given proper notice of termination, provided a written forwarding address and is not delinquent in rent, if the remaining tenants extend or sign a new lease with the landlord, the tenant would not yet be entitled to the security deposit because not all tenants have surrendered.
What happens when a roommate leaves a rental property?
Generally, the roommate who is staying finds a replacement roommate/tenant. The replacement roommate/tenant pays $500 to the landlord for the next month’s rent and $500 security deposit to the departing tenant. The departing tenant is removed from the lease and the new roommate is added.
Why am I not entitled to my security deposit back?
You are not entitled to your portion of the security deposit back because your lease has not been terminated. The lease is considered terminated once all parties named “Tenant” on the lease have vacated the property with their possessions and the keys have been returned.