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    JEANNEANDAL's Avatar
    JEANNEANDAL Posts: 1, Reputation: 1
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    #1

    Oct 23, 2007, 11:52 AM
    Good Faith Rental Deposit
    I rent out a studio in CT and have received a deposit ($500)from a future tenant. The rent is $750 a month and the tenant was to pay $500 to hold the rent for him and pay $1000 upon moving in which was security ($750) and first months rent($750).

    Three weeks later he decided not to take the rent and wants his $500 returned.

    I have less than 1 week now to find a new tenant. Nothing was in writing since he didn't move in yet but the check was for us to hold the place for him.

    Can I keep all or part of the $500 since he backed out of the deal and now causes problems for me?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Oct 23, 2007, 12:48 PM
    Hello Jean:

    You can keep it all. That's what the deposit was for, after all. Next time, though, do it in WRITING.

    excon
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