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If a tenant tells me they want to continue renting on a month-to-month basis after the lease expires do I collect a new last month rent deposit?

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If a tenant tells me they want to continue renting on a month-to-month basis after the lease expires do I collect a new last month rent deposit?

If your tenant is not moving out at the end of the lease, you would still collect the rent for the last month of the lease and hold on to the initial last months’ rent deposit which is to be applied to the last month the tenant is in possession of the unit. However, the interest must still be paid at that point.

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