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When it is time to refund the security deposit on a leased house should I pay it to the people on the lease or the non-resident person who actually paid the deposit?
Wiki User
∙ 14y ago
This probably depends on the laws of your state. In Massachusetts, there have been rulings that, if a deposit is paid by a governmental agency, the deposit gets returned to the tenant. It's likely the same result with a deal entirely between private parties. Massachusetts law specifically states that the deposit is the property of the tenant, and should be returned to the tenant. That would be the safest route, although, if you document the return, you're probably safe, no matter who you return it to.
Wiki User
∙ 14y ago
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