The lease may also indicate that partial security deposits are not returned when one tenant moves out. The appropriate portion of the security deposit should be exchanged between the arriving tenant and the vacating tenant. As a landlord, you are required to return the security deposit at the termination of the lease, if no damage has occurred. After all of the tenants on the lease have moved out, with no damage to your property, only then are you are obligated to return the security deposit. Once the legal aspects of renting your property are satisfied, finding a tenant is the next priority.
Personal interviews are an excellent way to obtain information to aid in the decision process.
Find out the following information during your interview. Be sure to get the name and phone number of the potential tenant 's current landlord. Be aware that a growing body of law holds people giving references responsible for damages, so many landlords may only confirm or deny information that you provide. Find out the potential tenant 's place of employment, length of employment, and salary. Once you have this information you can call the employer to verify it.