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Old 10-14-2014, 02:27 PM   #7
Teh_Bandwagoner
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Quote:
Originally Posted by photon View Post
Normally when I get a security deposit from someone it's in combination with signing an agreement and giving keys (and often first month's rent). In that scenario the tenant has clearly taken possession and if they decide to not move in then the rules around that kick in (on a month by month they have to give 30 days notice, the security deposit can go towards unpaid rent, on a 1 year fixed term they're actually responsible until the unit is re-rented up to 1 year).
Exactly this. Probably the best thing for your friend to do is to help find someone to take the rental unit. If he can get another renter before the 1st (assuming that's when the lease would start) then I believe your friend is legally off the hook and the landlord would be required to return the deposit. Otherwise, your friend may be SOL.
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