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in this video I want to share with you how we might be able to use security deposits and turn them into a rent payment for a tenant in camp a rent as you know security deposits are used to secure performance against damages or unpaid rent if your tenant cant pay rent because theyve lost their job then its possible that turning that using the secure deposit to pay that rent may be able to keep the 10 in the home longer until we get through this crisis period is it legal well that depends you should always check with your legal counsel in your state laws before doing this who owns the money yes the landlord is holding it but who owns it the tenant owns it its the tenants money right and theres very clear use of its clear direction on how that deposit is to be handled the only way that the landlord can lay claim to that money is if the tenant owes something that is not paid so lent or damages generally speaking now what were talking about is rent thats unpaid the tents unable to p