There is a key turnover receipt that I have had some tenants sign in the past which documents that they are forfeiting rights to the property and they left the keys plus signed receipt in the unit without ever directly meeting us but this was more of a precaution than requirement for us.

We rehab and maintain bank-owned foreclosures, demo & rehab tax forfeited homes for the county, and flip homes for investors.

If you tenant has forfeited the security or any amounts of it this will be held from the owner as compensation to the manager.Manager shall keep any late fees collected as compensation for additional services renderedOwner shall pay a one-time $200 transfer fee per property if the property is occupied when Manager assumes management duties.

Failure to cooperate can cause forfeit of security deposit ( whoa ?

Rafael,If you win the bid and decide you dont want the property you can forfeit your earnest money deposit which is likely going to be $2500.

I think in future leases the language should state that the deposit be forfeited upon death.  

There are so many economic dynamics yet to be determined because of so many moving parts who can say he/she/it has a clear picture of the immediate future, e.g. 6 - 12 months from now.I believe real estate will remain a top investment asset but available cheaper and with better terms, Subject Tos, Lease Options, Contract For Deed etc.Lenders, as always, are turning chicken and tightening the qualifications for a loan.To me it is encouraging many homeowners can defer a few payments to the back end of the loan rather than forfeit the home. 

(b) The tenant does not forfeit the right to a refund of the security deposit or the right to receive a description of damages and charges merely for failing to give a forwarding address to the landlord.

Just get the agreement in writing that she agreed to pay for 50% of the TOTAL COST of carpet installation, and that upon termination of the lease she forfeits any funds contributed to that project and holds no claim.

If they fail to sign the lease and move in, they forfeit all deposited funds.