Updated over 3 years ago on . Most recent reply
Holding Deposit requirement for CA
Dear Fellow members,
A prospective tenant put down a deposit to hold an apartment and it was immediately taken off the market. They then came around a week later to say they have changed their mind and their financial situation changed. I have refunded them pro rated based subtracting the one week it was taken off the market in the lost opportunity to rent. Ii had to reject turn down a few interested applicants and the unit is still not rented. Now they are insisting that at most I should keep only a couple of days of rent. Please advise.