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Updated 6 months ago,
Renter signed holding deposit that has a forefeit clause where we keep the money.
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.