At closing I am going to get one month of rents and security deposits, about $8000.

I worked for a company who did lease option housing and let me just say that-Not charging an option deposit is asking for trouble!

I'm afraid that people will be doing sale contracts with a expiration date and the sale contract can be made again if an additional deposit to the purchase price is made.

...or you could charge them $50 extra per month and a $200 pet deposit for letting them keep the pet.

They deposit the cheque into an 'in trust' account for you.

Some people just hope to get a holding deposit and run while others research high end properties and collect first and last and security deposits and then disapear.

Depositors deposit funds into their savings accounts.

Bats, rats, roachs, don't you wish we could charge a pet deposit on the last one since they usually come with the tenant.So tell us the bat story.

Also, make sure to ask them about your security deposits and first and last months rent… You are probably not getting it back from the owner who lost the property and sometimes they will offer you cash to vacate…

“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release which if known by him must have materially affected his settlement with the debtor.”They also sign this.DEFAULT BY BUYER: In the event Buyer should fail to consummate the transaction contemplated herein for any reason, except default by Seller or the failure of Seller to satisfy any of the conditions to Buyer's obligations, as set forth herein, Seller shall be entitled to retain the earnest money deposit, such sum being agreed upon as liquidated damages for the failure of Buyer to perform the duties and obligations imposed upon it by the terms and provisions of this Agreement and because of the difficulty, inconvenience and uncertainty of ascertaining actual damages, and no other damages, rights or remedies shall in any case be collectible, enforceable or available to Seller other than as provided in this Section, and Seller agrees to accept and take said deposit as Seller's total damages and relief hereunder in such event.