Re: Is Non-Refundable Holding Fee Unreasonable?

Re: Is Non-Refundable Holding Fee Unreasonable? by Garry (Iowa) on April 21, 2015 @16:46

I agree with Nicole and Jannie. Items 2-18 have nothing to do with fees, deposits, rent, or signing a lease. Those are all things you should have done, or would be in the process of doing them, by the first day you advertise the place for rent. A prospective T does not care if it takes you 2 days, 2 weeks, or 2 months to get your place ready, as long as its ready on the day they want to move in. They also don't care if it costs you $500 or $5,000 to get it ready. The money and time spent is just the cost of doing business as a LL. And only a really dumb T is going to put down a large amount of money, and not walk away with a signed lease in hand. They may put down $50 with more to come later, but not $500, as they could probably afford that much loss if you didn't perform things on your end.

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Re: Is Non-Refundable Holding Fee Unreasonable? - Landlord Forum thread 333919