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Re: First month's rent & security deposit
by CA Landlady
on June 13, 2006 @15:46
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So whats Plan B when, after 10 days of your bank attempting to collect on the bad check and youve taken the unit off the market? Unless youre extremely lucky to find a prospective tenant that banks with the same financial institution, banks will attempt to collect on a check at least 2x, with a few days in between those attempts. Meanwhile, the clock is ticking, unless of course you are taking back up applications and deposits. For the person qualifying and depositing in the last week of the month, this scenario simply isnt financially feasible.
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