If the deal goes through, the cash gets released to you. 

@Robert Kirkley, the renovation loans often require a licensed general contractor, and periodic inspections so that the lender will release funds.  

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

That being said, it was a major 7,000+ unit community, and it probably didn't hurt them in the slightest as they had a waiting list a mile long and got it re-rented probably 5 minutes after I signed the release from contract paper work.When you are just starting out, its extremely different.

Generally subs could be paid directly for a release for each one.

The Bloomberg report released in Dec that 150 moves to Tampa every day!

Addendum ACOMPILED or AGGREGATE DATA REQUEST CONCERNING THE RELEASE OF ELECTRONIC DATAPursuant to CJD 05-01 Section 4.40: Colorado Judicial Department Public Access PolicyRequested By: ________________________________________Date:___________________Agency/Organization: _________________________________________________________Mailing Address: _____________________________________________________________Telephone Number: ___________________e-mail: __________________________________Data Requested: ______________________________________________________________ ____________________________________________________________________________Intended use of data: ___________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________I have read the Colorado Judicial Department’s Public Access Policy and understand the limitations of this data and the uses of the data.I understand and agree to the following:(i) The Compiled or Aggregate Data will not be sold or otherwise distributed, directly or indirectly, to third parties;(ii) The Compiled or Aggregate Data will not be used, directly or indirectly, to sell a product or service to anindividual or the general public;(iii) There will be no copying or duplication of Compiled or Aggregate Data provided;(iv) Compiled Data will not be made available on the Internet;(v) The data received are current as of the date and time that the data are gathered and are subject to change; and(vi) Recipients of Compiled or Aggregate Data are prohibited from tampering with or modifying reported data.I understand the limitations of this data as it relates to data entry.

Title forms/affidavits should have a waiver and release of liability as to FIRPTA. 

Their cancellation is resulting in material damages which include one months rent and re-leasing costs which is half-full months rent typically.Again, no reason to tie an attorney into this.

@Rahul Sunkavalli - I actually released a blog post about this recently.