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 Landlording & Rental Properties
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 6 months ago,

User Stats

117
Posts
12
Votes
Cali Skier
  • Oklahoma City, OK
12
Votes |
117
Posts

Renter signed holding deposit that has a forefeit clause where we keep the money.

Cali Skier
  • Oklahoma City, OK
Posted

Hi,  

We took a property off the market 6 weeks ago because we landed some tenants that paid a deposit / holding fee.  They signed an agreement to comit to signing the lease or forefeit the money.  Aug 1st is the day they have to sign.   There are some indications that they may not sign, some personal family stuff that I don't want to get into.  They wanted to start early, but then no, then they have stopped texting.  I believe it's my right to keep the deposit, is there some law or some thing I don't know about that would say otherwise? 

Aug 2 I am relisting the house if I don't have a signed lease.  

Loading replies...