Legal Q&A: How do I handle security deposit when renting to roommates?


Question: I am planning to rent to three adult roommates. I know they all have to fill out separate applications. But, how do I handle the security deposit? Do I ask each tenant for one-third?

Answer: You should charge one deposit and not account for it until all tenants vacate. Make this clear in your lease so that if one tenant vacates, it is up to his or her former roommates to get reimbursed.

Question: If I suspect drug activity in an apartment, can I evict the residents?

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