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Updated 8 months ago, 04/09/2024
deposit to hold property
Hello, I have a property coming up for lease in June and I have found a tenant who wants the property. Properties in this area rent very fast. My question is can I secure a deposit/holding fee from them 2 months out to hold the property for them. I dont want to lose money if they back out at the last minute and then it takes me 2 weeks to secure another tenant. Can I keep the deposit if they bail? I am in Texas and it is a single family residence