General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply

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)
Most Popular Reply

@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.