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Hi,
If you were able to find new tenants to takeover, a portion of the deposit can be retained for time and effort, and the balance should be returned to the tenant. If this matter is not settled amicably, the tenant can also go the Small Claims Tribunal to claim his fair share of the deposit. So, better to save the hassle and trouble.
Cheers! Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, I would need more information before I could comment whether can forfeit all deposit or not and in the 1st place, is tenant exercising diplomatic clause?

Regards
Aaron Chong
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aaronchong2774@yahoo.com.sg Read More

Hi Sir/Madam

If a tenant breaks the contract and you have to find new tenants to take over, you might have the right to withhold part or all of the deposit to cover the inconvenience caused. It's essential to review the terms of the tenancy agreement to understand your rights fully.

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In such cases you will need to examine your tenancy agreement if there is a provision for you to keep the deposit.

At the end of the day, most important thing I feel is to have the good vibes surrounding the unit, as you mentioned, you are planning to sell it so if the apartment itself has got great vibes, your prospective buyers will also feel it and likely to make a better offer. Read More

Hello there,

- If the tenant breaks the lease, you may have the right to retain part or all of the security deposit, depending on the terms of the tenancy agreement.
- Typically, the deposit is meant to cover any losses or damages caused by the tenant breaking the lease early.
- However, since you found a new tenant, it may reduce the financial impact, but the inconvenience caused can still be considered.
- Always check the lease agreement for clauses related to early termination, and consult with a property lawyer to ensure you're following legal procedures.

Thank You.

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case by case basis depends on how the original tenancy agreement terms is drafted for breaking contract ,....

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