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Updated 6 months ago,
Is this the right way to do a Deposit to Hold a unit?
I'm a landlord of 2 weeks. I bought a duplex - 1 side came with a tenant. Filling the other. I have a guy that looks great on paper, but doesn't want to move in for 30 days because he needs to give his current landlord 30 days notice, which, I completely respect him for doing. Here's what I was thinking...Can I ask him for a deposit to hold now that will then be used as his security deposit? Can I also say It's not refundable if you decide not to take it, but will be if you do move in and then will be used as a security deposit? Is this legal and a good idea? I just want to protect myself from holding a place empty for 30 days and then he change his mind.