In this video, Garret Wong, the Founder and President of Upper Edge Property Management, discusses security deposits between roommates.
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Upper Edge Property Management
B-106 Scurfield Blvd, Winnipeg, MB R3Y 1G4, Canada
Phone: +1 204-415-6200 Toll free: +1 844-415-6200
When there is a new roommate coming into a rental unit, quite often the outgoing roommate asks us for the security deposit. This is a very common situation, and our company takes the stance that the original security deposit for the rental unit stays in place.
Anything that has happened in the unit since that deposit, such as a roommate moving out, is an arrangement between the roommates themselves. Therefore, the new incoming roommate would simply pay their new deposit to the outgoing roommate.
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