Does anyone use Non-Refundable Deposits?
I heard of someone saying recently that their lease uses non-refundable deposits (really more of a buy-in to use the property for the lease period). I hadn't heard of this before so I hadn't considered it. He said over the years he has been brought to court a couple times over it but has won hands down each time. It seems like a good way to cover tenant placement costs upfront. I'm not interested in going to court but I was wondering if anyone has personal experience with these and their thoughts on it. Thanks!