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 over 9 years ago,

User Stats

382
Posts
123
Votes
Mary lou L.
  • Investor
  • Wichita Falls, TX
123
Votes |
382
Posts

Holding fee on a rental in Texas

Mary lou L.
  • Investor
  • Wichita Falls, TX
Posted

I did a search and didnt find info exclusive to Texas.

I have an applicant that qualifies and wants the property, it wont be ready for about 10 days. 

I am planning on collecting a holding fee of 250 to be applied to her security deposit upon signing of the lease.  Non refundable if she does not sign the lease on ready date, as I am stopping any advertising for prospective tenants.

Just wanted to know and make sure i have this right, as I do not have a document in place for this. I do have one to prorate the rent, that she will sign along with the lease. 

I would love to connect with Texas landlords! I am an out of state land lord (CA) 

The rental is in the Wichita Falls area. Id love to also discuss trends and anything else pertaining to the area! 

Thanks!

Loading replies...