They acknowledged the huge potential it offered.  

You have already acknowledged it not being done correctly.

Being born poor and acknowledging it and being born in the greatest country in the world.

I understand that this deposit will becredited to my security deposit when I move in.I further understand and agree that if I should change my mind or become unable to movein for any reason, other than Landlord exercising discretion not to rent the apartment, thisholding deposit will be forfeited by me, and I will receive no refund of the deposit.Monthly rent per lease will be due upon move in the amount of $__________.I acknowledge and agree by my signature below that the additional security deposit I willowe at the time of move in is calculated as follows:Total security Deposit Per Lease of $__________.Less Holding Deposit of $__________Equals $_________, which is the amount of security deposit due upon move in.Lastly, I agree and acknowledge that Landlord may choose not to rent to me for anyreason, however, upon Landlord so electing not to rent to me, I will be entitled to a fullrefund of the holding deposit .____________________, __________Tenant 1 Signature Date___________________, __________Tenant 2 Signature Date

., the tenant requested it and you both acknowledged it was not a good fit).One would like to offset it (the deposit) with your costs to re-rent and re-prep, if any, but these also would need to be thoroughly documented. 

Typically in this form they have the person staying and acknowledging that the Security Deposit is staying with the property, then it has a slot where the person leaving signs as well. 

@Tzvi Keisar you still need to name a PERSON when you create the LLC. https://cofs.lara.state.mi.us/...By selecting ACCEPT, I hereby acknowledge that this electronic document is being signed in accordance with the Act.

@Steven Wilson I acknowledge, as per above, that Columbus appears to be growing and thus presents a special case.

Add addendums to the lease for anything you wish to change or add (big or small)  I put a line next to each addendum verbiage for the tenants to acknowledge/initial.

Do you have them sign an acknowledgement that there is an option of listing on the open market?