No Lease Signed but Security Deposit Paid and Tenant is Backing Out
My question involves a security deposit in the State of: KS
Tenants provided half of security deposit and no lease was signed. A couple of the tenants decided to back out. Am I required to give back the security deposit? Is it something where if I find someone else in a months time that it would be prorated?
Re: No Lease Signed but Security Deposit Paid and Tenant is Backing Out
Yes, you need to return the whole security deposit.
No lease was signed, so there is no contract with you.