Knowledebase Tag: Refund
- The tenants in a property I manage are a couple whose names are both on the lease. This week, they each told me that they are divorcing and gave me the required written notice to terminate their lease when it expires next month. They also both asked for the security deposit to be refunded directly to them. Who should I make the check out to if both of their names are on the lease?
- Is the independent consideration in TAR commercial purchase contracts refundable?
- If the backup contract never moves into the primary position, is the backup buyer refunded the earnest money and option fee?
