Non-Refundable Holding Deposit Form printable pdf download

NON-REFUNDABLE HOLDING DEPOSIT

I, _________________,_____________________ received $__________representing the

a non-refundable holding deposit for _______________Apt#___, Chicago, Illinois. This

holding deposit shall be credited to tenant’s security deposit upon move-in. It will be

deposited into __________________Bank. However, if tenant does not move in for any

reason, other than Landlord’s decision not to rent the apartment, this holding deposit shall

be forever forfeited and shall not be refunded. Lastly, I retain the right to not rent to this

apartment for any reason and in my own sole discretion, however, if I so exercise my

discretion not to rent this apartment I will return the holding deposit in full.

____________________, __________

Landlord Signature

Date

By my signature(s) below, I request that the landlord accept $_______ as a holding

deposit for _________________ Apt#___ , and the payment of such deposit shall result

in the Landlord not accepting any other tenant(s) for rental of this apartment up and until

the commencement of my lease on __________. I understand that this deposit will be

credited to my security deposit when I move in.

I further understand and agree that if I should change my mind or become unable to move

in for any reason, other than Landlord exercising discretion not to rent the apartment, this

holding deposit will be forfeited by me, and I will receive no refund of the deposit.

Monthly rent per lease will be due upon move in the amount of $__________.

I acknowledge and agree by my signature below that the additional security deposit I will

owe at the time of move in is calculated as follows:

Total security Deposit Per Lease of $__________.

Less Holding Deposit of $__________

Equals $_________, which is the amount of security deposit due upon move in.

Lastly, I agree and acknowledge that Landlord may choose not to rent to me for any

reason, however, upon Landlord so electing not to rent to me, I will be entitled to a full

refund of the holding deposit .

____________________, __________

Tenant 1 Signature

Date

___________________, __________

Tenant 2 Signature

Date

Non-Refundable Holding Deposit Form