We did however have to retain a bond naming the City.

Here, landlords are required to turn security deposits over to the Rentalsman (provincial government agency) which holds them in-trust, but retains the interest to fund operations.

You can keep money in the company from earnings as retained earnings but you'll be taxed so no reason to really.

The agreement states that the seller will retain my earnest money if I don't close.

and retained in the file for that property.

Cedar Park/Leander and West Round Rock have good schools that are popular and retain value.

Obviously knowing before hand that there is a .1% chance you could permit it will change your offer compared to you having a 98% chance of getting it permitted.And it's not just things like additions/units other items like retaining walls and driveways can be problems as well.

Just like a relinquishment in a chapter 7 bankruptcy, the note is foregiven but you still retain all rights to the mortgage. 

The other 4 units just need carpet and paint and 1 or 2 light fixtures replaced to get rent ready again.I bought it from a landlord that let things go and mentally checked out.We are working to correct the maintenance issues and retain the good tenants.

Remember, in a pass through entity, all items of income and deductions retain their character.