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    rental3001's Avatar
    rental3001 Posts: 2, Reputation: 1
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    #1

    Feb 1, 2011, 02:32 PM
    Rental deposit
    I am intersed in renting an apartment that is still occupied, the landlord says it will be available in 2 month, he is askoing for a 500 deposit to hold the apartment and not show it to anyone else, is this legal?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Feb 1, 2011, 02:35 PM

    Yes, it's legal. It's a contract between you and the landlord. The terms are just a little bit unusual. I have seen this in apartments which are either VERY reasonable and in high demand or in area which are in high demand.
    rental3001's Avatar
    rental3001 Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Feb 1, 2011, 02:44 PM
    Comment on JudyKayTee's post
    Should the deposit be refundable if I change my mind or in the case that the tenants occupying have not left the apartment on the date I am scheduled to move in?
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #4

    Feb 1, 2011, 02:52 PM

    First your agreement should be in writing and the details about refund or not spelled out. He will likely not want to refund unless he has another renter
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #5

    Feb 1, 2011, 02:58 PM

    No, you will NOT get your deposit back if you change your mind UNLESS the landlord finds another tenant. If he does YOU will be responsible for his charges in finding that tenant.

    Put wording in the contract that if the apartment is not ready for your occupancy on a certain date then the landlord breaches the contract - and you get your deposit back.
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