Owner Illegally Withheld Tenant's Security Deposit

May 21, 2009
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Facts: A tenant and an owner entered into a five-year lease, and the tenant made a $10,000 security deposit. Three years into the lease, the tenant approached the owner, wanting to transfer its lease to another business owner. The owner refused, and the tenant and the new business owner signed a new lease with the owner. The new lease allowed the new business owner to take over the space, but the tenant remained partly responsible for the space.

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