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?
Recent Legal Q&A posts:
- Legal Q&A: Tenant wants to leave 4 months into yearlong lease
- Legal Q&A: Where did the roaches come from?
- Legal Q&A: One roommate pays on time, the other’s habitually late
- Legal Q&A: How must a notice be posted on the door?
- Legal Q&A: How much can we charge for a security deposit?
- Legal Q&A: Tenant caused fire in apartment
- Legal Q&A: Must a landlord professionally clean the carpet prior to reoccupancy?
- Legal Q&A: What is a prejudgment claim?
- Legal Q&A: What if I suspect drugs are being sold from one of our units?
- Legal Q&A: Is new owner subject to prior owner’s pet policy?