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Lease signed but no security deposit received

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amh8388

Junior Member
What is the name of your state (only U.S. law)? Texas

We had multiple tenants interested in our home but went with who could move in first. Notified him by phone we would rent to him instead of other prospects on 6th. Met to sign lease on 10th with 19th being move in date. On the 10th, he said he didn't have a checkbook and would wire it through his company next day to our bank. Everyday since it has been multiple excuses. He started telling us this Friday that he would just put a check in the bank that same day. We talked to him on the phone Saturday and told him since it was move in day, the deposit needed to be in the bank by end of banking hours, he said he did not have time to do it and when we said that was unacceptable because he already had a key he threatened my husband with physical violence and said "we had no idea who we were dealing with". Later that night, he told us he put it in the night drop at our bank. The bank called us this morning to tell us there was a deposit slip in night box but no cash or check in the envelope. He has not responded to numerous calls and voicemails today. Unfortunately, we were very trusting and used a very simple lease as we are not professional landlords, just leasing our home while we are away for a year. This has taught us a lot and we will be using a different lease and handling the situation differently in the future or even a management company but we are trying to figure out our way out of this situation. He has a signed lease and a key and we have nothing... and yes I'm already feeling very very stupid I know I know. Move in date has passed and he has not moved in at this point.

My question is how long do we have to play his back and forth game? At what point can we move on to another tenant? Both parties have signed the lease and lease does say it acknowledges security deposit. We were expecting it at lease signing but since he didn't have it we said ok to a wire transfer the next day. That wording regarding the next day is not in the lease though since it was a last minute change when he didn't have a checkbook. He has no receipt or proof of any money changing hands with us. Can we consider the lease void since we have not received a deposit or rent and move in date has passed?
 


amh8388

Junior Member
What does your contract say? That is the relevant document.
Unfortunately, the contract does not address a payment date before move in for rent or deposit, only that the deposit is received at lease signing, which did not take place because of him not having his checkbook and failing to do so as promised the next day. All the lease says regarding deposit section is "A security deposit of X is hereby acknowledged for the lease of the premises and for the faithful performance of the terms of this agreement and for any damages caused by tenants to property or furnishings." It also states that monthly rent is due without demand in advance on or before the 1st of each month and "Failure to make prompt payment of the rent when due or the violation of any other provision of this agreement shall give Owner the right to give immediate notice to tenant, by US Mail or otherwise, and declare this rental agreement immediately terminated."
 

STEPHAN

Senior Member
Is that a "self-made" contract? Where did you get this from? Does not sound legal.

BTW: We never sign a lease without a security deposit.
 

Zigner

Senior Member, Non-Attorney
Unfortunately, the contract does not address a payment date before move in for rent or deposit, only that the deposit is received at lease signing, which did not take place because of him not having his checkbook and failing to do so as promised the next day. All the lease says regarding deposit section is "A security deposit of X is hereby acknowledged for the lease of the premises and for the faithful performance of the terms of this agreement and for any damages caused by tenants to property or furnishings." It also states that monthly rent is due without demand in advance on or before the 1st of each month and "Failure to make prompt payment of the rent when due or the violation of any other provision of this agreement shall give Owner the right to give immediate notice to tenant, by US Mail or otherwise, and declare this rental agreement immediately terminated."
In other words, you handed the tenant a signed document stating that you have received the security deposit.
 

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