Security Deposit (by Rob [OH]) Oct 10, 2017 12:36 PM|
Security Deposit (by JoniBaloni [KS]) Oct 10, 2017 12:50 PM
Security Deposit (by NC INVESTOR [NC]) Oct 10, 2017 1:02 PM
Security Deposit (by AllyM [NJ]) Oct 10, 2017 3:10 PM
Security Deposit (by Plenty [MO]) Oct 10, 2017 5:59 PM
Security Deposit (by Vee [OH]) Oct 10, 2017 6:37 PM
Security Deposit (by WMH [NC]) Oct 11, 2017 6:13 AM
Security Deposit (by NC INVESTOR [NC]) Oct 11, 2017 11:01 AM
Security Deposit (by Rob [OH]) Posted on: Oct 10, 2017 12:36 PM
Sent former tenants itemized letters and checks for remaining security deposit. Letter to each tenant was sent certified. Got one receipt back and that check was cashed. Have not received other receipt back and that check has not been cashed. It's been almost three weeks since letters were sent and two weeks since first letter was received and check cashed. What do I do? Just wait for receipt to come in?
Security Deposit (by JoniBaloni [KS]) Posted on: Oct 10, 2017 12:50 PM
There should be a tracking number on your receipt, look it up and see what it says. If that doesn't get you far go to the post office and ask them. --206.253.xx.xxx
Security Deposit (by NC INVESTOR [NC]) Posted on: Oct 10, 2017 1:02 PM
In NC we are required to hold the funds for 6 months which corresponds to the amount of time until a check becomes stale dated. If at the end of the allotted time it has not been claimed or the check cashed we have to give the funds to the clerk of court.
You need to check what your state requirements are. I would call the courthouse.
Security Deposit (by AllyM [NJ]) Posted on: Oct 10, 2017 3:10 PM
If you sent them certified they never claimed them and they will return to you. --73.33.xxx.xxx
Security Deposit (by Plenty [MO]) Posted on: Oct 10, 2017 5:59 PM
Wait patiently. Time will tell. Relax. Go to lunch, nothing more to do about this now but wait. --66.87.xx.xx
Security Deposit (by Vee [OH]) Posted on: Oct 10, 2017 6:37 PM
Why would split a deposit in OH, it goes with both names on check - they have to join and divide without you helping, I have heard judges talk about how this is not a god idea but have never seen a triple deposit refund on that, other boo-boos yes.. --76.188.xxx.xx
Security Deposit (by WMH [NC]) Posted on: Oct 11, 2017 6:13 AM
NC Investor, where did you hear that about the Clerk of Court? That's not in the statutes. --173.22.xx.xx
Security Deposit (by NC INVESTOR [NC]) Posted on: Oct 11, 2017 11:01 AM
Originally when I was getting my Broker license. And then every year thereafter when they review SD laws in CE class.
Tenant Security Deposit Act
LL shall hold the balance of the deposit for a minimum of 6 months...nor may the landlord retain an amount from the security deposit which exceeds his actual damages.
The money doesn't belong to you so you need to treat it just as banks do for unclaimed funds. It goes to the state via the Clerk of Court.
Some boroughs and towns have variations on who to give the unclaimed funds to so you might want to call your local courthouse when the need arises or since it is not a common issue call the NC RE Commission. --75.181.xxx.xx