Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

5
Posts
6
Votes
Derek Brawders
6
Votes |
5
Posts

Security deposit for 1 month delayed move in

Derek Brawders
Posted

Good evening all,

Looking for input if you don't mind. Have a potential tenant that requesting to view my property (new construction condo) on 9/3, but can't move in until 10/1 due to a relocation.

They are willing to put a deposit down upon review, but i'm essentially 'holding' the property for a month before they move in.. 

First property, no tenants yet.. (has been on the market for 2 months.. multiple applicants and offered leases who vanished when it came time for the deposit)
Was considering requiring the security deposit with 1/2 of it being non-refundable due at signing if they backed out of the lease as i'll essentially be keeping the property vacant for a month.

Security deposit is essentially equivalent to 1 month's rent.

First month's rent due on 10/1 when they move in.

Normal application process applies .

I really don't want to pay another mortgage payment on this property, but i'd sacrifice that if i can get a solid tenant in.

Thanks all, still learning the ropes..

Loading replies...