Legal Question in Real Estate Law in California

Security Deposit Forfeit

Can a commercial lease landlord keep an unclaimed security deposit from a moved out tenant? Or should the landlord return the unclaimed security deposit to the State?

Note: Landlord cannot locate the tenant.


Asked on 8/13/03, 5:56 pm

4 Answers from Attorneys
Joel Selik www.SelikLaw.com

Re: Security Deposit Forfeit

keep.

Joel Selik

www.seliklaw.com

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Answered on 8/13/03, 10:12 pm
Dieter Zacher Law Offices of Dieter Zacher

Re: Security Deposit Forfeit

He may keep it. Good luck and thanks for inquiring.

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Answered on 8/13/03, 11:02 pm
Donald Holben Donald R. Holben & Associates, APC

Re: Security Deposit Forfeit

Keep the funds. Don Holben 800-685-6950

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Answered on 8/14/03, 2:01 pm
Robert Mccoy Law Office Of Robert McCoy

Re: Security Deposit Forfeit

You have to hold the funds. But you cannot spend them. To be safe, you should hold them in a separare account for 5 years, then you can spend them.

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Answered on 8/15/03, 8:48 pm


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