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Updated almost 5 years ago on . Most recent reply

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Kendall Chamberlain
  • Kansas City, MO
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Can I retain holding deposit if tenant changes mind, no lease sig

Kendall Chamberlain
  • Kansas City, MO
Posted

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.
  • Specialist
  • Easton, PA
2,548
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Matt M.
  • Specialist
  • Easton, PA
Replied

@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.

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