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Updated about 6 years ago,
deposit to hold money
I am a new landlord and have a situation Im not sure how to handle . I live in Ohio. A lady from Texas was moving to the area, we showed her daughter and friend our property using facetime. She wanted to lease it. We ran a background check and everything came back great. She wanted to pay us $900 for the first month rent and as a deposit to hold. She sent money via pay pal. I sent her an electronic lease to sign and took the house off the market. I had two other qualified applicants I turned down. Her daughter called us tonight and told us her mom decided to go with another home, which we she has the right to do as I didnt get a signed lease. Do I need to return her full payment? I know I made some mistakes with this transaction but I want to do the right thing by her and us. Lookimg for advice. Thanks