I think using a deposit model where they can get some those prepaid rate back upon closing is a good way to induce commitment.   

Yes, I’m using TheGuarantors platform for long term and Waivo for midterm and short term tenants instead of a traditional deposit. 

At least a bank that you have your relationship with and super strong deposits  and could probably hypothicate them and get a under 10% rate.. just musing..

Personally, I would keep the deposit out of the conversation.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I hope your PM kept the deposit and can use that towards the cost.

I usually charge a pet deposit and monthly fee, but from my limited research, believe I cannot charge for a service animal. 

I thought about resubmitting with a small non-refundable deposit.

@Chris SeveneyYesAllOf those things, just don’t forget to have receipts for everything you deduct from the security deposit.

The property was acquired with the long-term vision of capitalizing on the nearby development of a casino, expected to attract workers and residents.