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Updated almost 8 years ago on . Most recent reply

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35
Posts
4
Votes
Mushtaq G.
  • Plano, TX
4
Votes |
35
Posts

I am going to accept Applicant.. how to hold deposit

Mushtaq G.
  • Plano, TX
Posted

Hi Experts, need a advice, I am excited to have finally shortlisted a applicant on my first property but they will not be moving till June 1st, I am thinking of collecting a hold deposit but not sure how it works in Texas, would any one have a form that I can use, appreciate your guidance

Most Popular Reply

User Stats

1,057
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594
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Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
594
Votes |
1,057
Posts
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
Replied

@Mushtaq G.   just make sure they sign something that acknowledges that if they change their mind, you keep the holding deposit. Either have two copies that you and they sign,  or a copy you and they sign and they take with after you take a readible picture of it on your phone.

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