Am I responsible for the deposit money paid to my brother?

Am I responsible for the deposit money paid to my brother?

by Readers Question

Guest Author

11:10 AM, 8th December 2015, About 9 years ago 15

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Hi all I hope someone can help on this peculiar situation.responsible

A tenant was signing up to a lease with my brother and duly paid him the deposit. The tenant then decided that they wanted to sign the lease agreements with me instead as I was the owner and subsequently did so.

Although my lease agreement stipulates a deposit I did not follow through as I had guarantees. Lease agreement is in my name and rent has been duly paid. I don’t hold a deposit.

A deposit was paid to a cancelled lease agreement. Am I responsible for the deposit money paid to my brother ?

Many thanks

Asif


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Comments

John Frith

16:10 PM, 8th December 2015, About 9 years ago

Just to be clear, because your brother was acting on your behalf, if the tenant initiates court action for the deposit + up to 3 times deposit , I believe it will be you, not your brother who will be in the dock.

AA

16:19 PM, 8th December 2015, About 9 years ago

Reply to the comment left by "John Frith" at "08/12/2015 - 16:10":

Thanks I understand. I would settle with the tenant out of court and take it on the chin. The extending damage was concerns to my credit.

Puzzler

9:17 AM, 11th December 2015, About 9 years ago

If you have such a poor opinion of your brother, why was he involved in the first place?

AA

10:02 AM, 11th December 2015, About 9 years ago

Reply to the comment left by "Puzzler " at "11/12/2015 - 09:17":

You can choose your friends but not your relatives. He is successful in his own way by operating the way he does. I on the other hand operate by the book as best as I can. When these 2 world's rub shoulders together there are usually sparks.

Puzzler

10:25 AM, 11th December 2015, About 9 years ago

Ha ha I understand that but I meant if you know this, why was he originally involved in signing the lease with your tenant in the first place?

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