Published
October 15, 2026
Residential tenants of Concord Management Ltd. and the Florida properties it managed who had all or part of a security deposit withheld between April 3, 2021 and April 3, 2025 will be paid automatically from Concord Management’s records under the $1.85 million class action settlement if it is approved; there is no claim form to file. November 20, 2026 is the deadline to opt out or object, not a claim deadline, and the final approval hearing is set for December 3, 2026.
Current Status
There is no claim form. Eligible class members will be mailed a check automatically if the court grants final approval. The court preliminarily approved the settlement on September 26, 2026, and the final approval hearing is scheduled for December 3, 2026, at 9:00 a.m. in Seminole County. November 20, 2026 is the date by which opt-out requests and objections must be received; it is not a claim deadline. No payment date had been announced as of October 15, 2026.Free settlement alerts
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Status
Pending Final Approval
Hearing December 3, 2026
Opt-Out / Objection Deadline
November 20, 2026
Must be received by this date · not a claim deadline
Estimated Payout
Pro rata share of $1.85M
Sized to the deposit withheld · plus unpaid lease balances waived
Proof Required
Automatic Payment
No claim form · Notice ID & PIN only to look up an estimate
What Changed Recently?
On September 26, 2026, Judge Donna M. Goerner of the Circuit Court of the Eighteenth Judicial Circuit in Seminole County, Florida, preliminarily approved the settlement in Durrance v. Concord Management Ltd., Case No. 2023-CA-003292, and ordered notice mailed to the class. The parties signed the settlement agreement on August 7, 2026, after negotiations that included a mediation. The settlement also resolves a companion case with identical claims, Barban v. Concord Management Ltd., Case No. 2022-CA-009410-O, pending in the Ninth Judicial Circuit in Orange County.The lawsuits allege that Concord Management Ltd., Watervue Partners, LLC and River Ridge Apartments, Ltd. sent former tenants security-deposit claim notices that did not follow the form required by section 83.49(3) of the Florida Statutes, the provision that governs the written notice a landlord sends when it intends to keep part or all of a deposit. The complaints seek class-wide relief under the Florida Residential Landlord Tenant Act and the Florida Consumer Collection Practices Act.
The defendants deny all of the claims and maintain that they did not act wrongfully or unlawfully. According to the notice, they agreed to settle to avoid the expense and risk of continued litigation, and the settlement does not mean that any law was violated. The preliminary approval order states that nothing in it is a finding of liability.
Who Qualifies?
The class covers people who, between April 3, 2021 and April 3, 2025, were residential tenants of the “Concord Settling Parties,” a group that includes Concord Management Ltd., Watervue Partners, LLC, River Ridge Apartments, Ltd. and the ownership entities of properties Concord managed. A tenant is in the class if they fit at least one of three groups:- Former tenants whose security deposit was claimed in part or in full after Concord sent them a deposit notice substantially similar to the form attached to the settlement as Exhibit A, whatever charges that notice listed.
- Tenants who had all or part of their security deposit withheld or managed by the Concord Settling Parties.
- Tenants who were charged a liquidated-damages lease termination fee, including fees claimed against deposits when the tenant chose liquidated damages under section 83.595(4) and liquidated-damages claims under section 83.575.
What Do Class Members Receive?
The settlement provides three kinds of benefits, and most class members receive more than one:- A settlement check. Concord is to fund $1,850,000. After court-approved deductions, the remaining net fund is divided pro rata according to how much of each class member’s deposit was withheld, compared with the total withheld from all participating class members.
- Debt discharge. Concord waives its right to collect any further money for unpaid balances under the class members’ residential leases. The notice puts the total waived at more than $15,985,000.
- A consent decree and credit cleanup. The court would permanently bar Concord from using deposit notices that lack the information section 83.49 requires, from collecting further money under class members’ leases, and from reporting negative credit tradelines about class members. Concord would also be directed to ask the credit reporting agencies to delete negative tradelines it previously reported.
Several items come out of the $1.85 million before checks are calculated. Class counsel is asking for $1,000,000 in attorneys’ fees plus litigation costs of up to $15,000, the two class representatives are each requesting a $7,500 incentive award, and the notice estimates administration costs at about $63,639. If the court approved every request in full, roughly $756,000 would remain for tenant checks. That figure is an estimate built from the requested amounts; the court may award less, and the final number also depends on how many class members opt out.
What Proof or Notice ID Is Required?
None is needed to be paid. Payments are calculated from the defendants’ deposit records, and there is no form to submit. The only place a credential comes up is the official website’s Estimated Award Eligibility page, which asks for the Notice ID and PIN printed on the mailed notice before it shows an estimate. The website describes that estimate as an approximate gross allocation that may change.What Is the Deadline?
No claim deadline exists, because there is no claim to file. The dates below govern opting out, objecting and the court’s review:| Event | Date |
|---|---|
| Preliminary approval order signed | September 26, 2026 |
| Notice of appearance by a class member’s own lawyer filed with the Clerk | November 13, 2026 |
| Opt-out requests received | November 20, 2026 |
| Objections received | November 20, 2026 |
| Final approval hearing, Seminole County Courthouse | December 3, 2026, 9:00 a.m. |
The preliminary approval order listed October 30, 2026 for opt-outs and objections, but the mailed notice and the settlement website both set the deadline at November 20, 2026. The notice does not specify a time zone.
What Are the Class Members’ Options?
A class member who does nothing stays in the class, receives whatever benefits apply to their account, and is bound by the settlement’s release. The release covers claims that were raised or could have been raised in the case, including claims related to the class member’s lease agreement with the defendants.A class member who wants to keep the right to bring their own claims can opt out by mailing a signed letter to the settlement administrator stating that they want to be excluded from the class in Durrance v. Concord Management Ltd., Case No. 2023-CA-003292. The letter must include the person’s full name, current mailing address and telephone number, and it must be received by November 20, 2026. The notice says exclusions cannot be made by phone or email. A person who opts out receives no settlement benefits, including the debt discharge and the credit cleanup.
A class member who stays in can object to any part of the settlement by filing a written objection in the Seminole County case and sending copies to the court, the settlement administrator, class counsel and defense counsel, all received by November 20, 2026. The notice lists what an objection must contain and the mailing addresses for each recipient. The official settlement website carries the notice, the settlement agreement, the court documents and the estimated-award lookup.
What Happens Next?
The court will hold the final approval hearing on December 3, 2026, at 9:00 a.m. at the Seminole County Courthouse, where it will consider whether the settlement is fair, reasonable and adequate, along with the fee, cost and incentive-award requests and any objections. The notice says the hearing may be rescheduled without further notice.If the court enters final judgment, Concord is to fund the settlement within 10 days, and checks are to be distributed within 45 days of the judgment. The settlement agreement makes checks void after 90 days, and money that remains unclaimed or undistributed 90 days after the checks are issued goes to Florida Legal Services, Inc. The notice also says appeals are possible after approval, and the settlement becomes binding only on its Effective Date.
Sources and Verification
- Official settlement website — Durrance v. Concord Management Ltd.
- Important court documents — amended complaint, answer, settlement agreement, preliminary approval order and long-form notice
- Key dates page
- Notice of pendency of class action, proposed settlement and hearing (PDF)
- Fla. Stat. § 83.49 — Deposit money or advance rent; duty of landlord and tenant (Florida Legislature)
Questions
Does a former Concord tenant have to file anything to get a settlement check?
There is no claim form. According to the court-approved notice, a class member whose security deposit was not returned will be mailed a check from the net settlement fund if the court grants final approval, as long as that person has not excluded themselves. The November 20, 2026 date applies only to opting out and objecting.
What happens to a tenant whose whole deposit was returned?
That tenant does not receive a check, because checks are sized to the amount of deposit that was withheld. The notice says such a class member still receives the settlement’s other benefits: the waiver of unpaid lease balances and the request to the credit bureaus to delete negative tradelines Concord reported.
How does a class member see an estimate of their Concord payment?
The official settlement website has an Estimated Award Eligibility page that asks for the Notice ID and PIN printed on the mailed notice. The website describes the figure as an approximate gross allocation that may change, and the final amount depends on court-approved deductions and on how many class members opt out.
Does the Concord settlement affect credit reports?
Under the proposed consent decree, Concord would be permanently barred from reporting negative credit tradelines about class members and would be directed to ask the consumer credit reporting agencies to delete negative tradelines it previously reported. The settlement calls this the Credit Amelioration Program.
What is the Orange County case connected to this settlement?
A companion case with identical claims, Barban v. Concord Management Ltd., Case No. 2022-CA-009410-O, is pending in the Ninth Judicial Circuit in Orange County, Florida. The notice treats it and the Seminole County case, Durrance v. Concord Management Ltd., together as the State Court Actions resolved by the proposed settlement.
What if a former Concord tenant has moved since leaving the property?
Settlement checks are mailed, so a current address matters. The official settlement website has an Update Address page for class members whose mailing address has changed.
Official Settlement Notice
OpenClassActions.com is a consumer news and information site, not a law firm. This article is general information about the Concord Management security deposit settlement. It is not legal advice, and reading it does not create an attorney-client relationship.
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Settlement Amount
$1,850,000
Case Title
Durrance v. Concord Management Ltd., et al.
Case Number
2023-CA-003292
Court
Circuit Court, Eighteenth Judicial Circuit, Seminole County, Florida
Final Approval Hearing
December 3, 2026 at 9:00 AM
Seminole County Courthouse, Judge Donna M. Goerner
Administrator
American Legal Claim Services, LLC
Official Website
Concord Security Deposit Settlement
