Oral residential 1 year lease
Lessee moved in January 14th, 2008. I advertised property as one year lease. Lesee provided $500 security deposit. The money exchange was the consideration for my offer and the money and him moving in was the acceptance of that offer. I never created a written agreement. Last month, around this time, lessee provided written notice of his intent to vacate, breaching oral lease agreement. Just about 7 months remain on the agreement. What is my recourse, and do I have to return his deposit? I have put the home on a roommate matching website to advertise, but haven’t had any takers yet.