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374
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Stone Teran
  • Investor
  • Cincinnati, OH
120
Votes |
374
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Now they don't want the apartment

Stone Teran
  • Investor
  • Cincinnati, OH
Posted

How do you handle this situation?

The prospective tenant applies, says they want the apartment, pays the deposit and says they will be back in a few days with the rent and will move in.  We don't yet sign the lease.  A few days later, she says that she changed her mind.  Do you keep the deposit or give it back?

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
20,483
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30,568
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

Did you have them sing a NON REFUNDABLE deposit form? If not, just give it back. Then make yourself a NON REFUNDABLE deposit form that you should have all tenants sign.

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