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Updated over 4 years ago on . Most recent reply
![Kendall Chamberlain's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/118415/1621417710-avatar-kenvestor.jpg?twic=v1/output=image/cover=128x128&v=2)
Can I retain holding deposit if tenant changes mind, no lease sig
Made a verbal agreement to start lease July 3rd. I took a holding deposit and now tenant wants their money back. Am I obligated to return entire deposit? (I know, sign lease immediately next time, but this time I did not)
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![Matt M.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1173207/1645195095-avatar-mattm437.jpg?twic=v1/output=image/cover=128x128&v=2)
@Kendall Chamberlain
Give them their money back and move on. No need for bad blood, and you could still possibly find a new tenant quickly.