Quote:
Originally Posted by 6793026
I deal with a lot of rental issues, in fact i have a hearing 1:30 pm today but that's another story.
There is no such thing as penalty. if you want to rightfully take that money, you have to do it thru the proper procedures. HOWEVER, 90% of the people i have deal with knows fully it's their fault and they won't sue you for keeping the deposit.
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No, there is definitely not a "penalty" and you must be careful to not use the term "penalty" in anyway. My fear on the liq.damages as in Shon's leases is that even though they signed up to it, it wouldn't hold as being used for its intentions(cover costs of re-rent and a bit of a stick to make you stick out the lease) but as a penalty, and not hold up as reasonable.