uh oh - tenants security deposit check bounced : ezLandlordForms

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Jennie S

started a topic over 12 years ago

our new tenants wrote a check form a closed account for thier security deposit. They called to tell us there was going to be problem with it clearing 1 day after we deposied it - Is thier lease valid...? what can I do? maybe a legitimate accident - but the account was CLOSED.... we are in NH

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Bob R

said over 12 years ago

You just learned a valuable lesson. NEVER accept a check for sec.dpst and 1st months’ rent and before handing over the keys. Only accept cash, money order or certified bank check. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with your State/Local laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance.

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Jennie S

said over 12 years ago

ya, I got that - doesn't answer my question though...

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Bob R

said over 12 years ago

If you both signed the lease, yes it's valid. Send a Notice to Pay or Quit and follow with an eviction if necessary. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with your State/Local laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance.