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General Landlording & Rental Properties
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Is Holding Deposit Necessary If Lease Is Signed?

Account Closed
Posted Jul 21 2022, 16:51

Hi all,

Tenant signed my lease today for move in August 1. Deposit and first month's rent is due before keys are handed over on 8/1. Since the lease was being signed I did not think to collect a holding deposit and am now having a few doubts. Is the signed lease binding before move in date and is it okay to take down the listing at this point?

Thank you

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