Holding deposit - is it refundable?
Hi All,
I'm considering signing a lease for an apartment in Philly, and I'm concerned I may be getting taken advantage of. First off, I made the mistake of giving the landlord a "holding deposit" before having a chance to thoroughly review the lease. Now that I've had more time to read it, I've noticed some things in the lease I'd like to have amended before signing.
The thing is, I'm worried they'll refuse to change the lease and try to keep my holding deposit.
What recourse do I have? Is the holding deposit refundable? It was never stated in writing and now I'm afraid to ask in case the vagueness of the agreement is beneficial to me. Any guidance would be greatly appreciated.
Thanks,
Davis