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Updated about 5 years ago on . Most recent reply

Kendall Chamberlain's profile image
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Kendall Chamberlain
  • from Kansas City, Missouri
  • Member since Sep 24, 2012
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Kendall Chamberlain's profile image
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Kendall Chamberlain
  • from Kansas City, Missouri
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Kendall Chamberlain
  • Kansas City, MO
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General Landlording & Rental Properties

Can I retain holding deposit if tenant changes mind, no lease sig

Kendall Chamberlain
  • Kansas City, MO
Posted

Made a verbal agreement to start lease July 3rd. I took a holding deposit and now tenant wants their money back. Am I obligated to return entire deposit? (I know,  sign lease immediately next time,  but this time I did not) 

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Matt M.
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  • from Easton, PA
  • Member since Oct 2, 2018
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Matt M.
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Matt M.
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  • Easton, PA
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Matt M.
  • Specialist
  • Easton, PA
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@Kendall Chamberlain

Give them their money back and move on. No need for bad blood, and you could still possibly find a new tenant quickly.

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