Landlord Question and Answer Forum

Forum / State Landlord Tenant Law / Good Faith Deposit

Is there any law/regulation stating I cannot accept a NR good faith deposit from tenants on the house to secure the property? The deposit would then be applied to the security deposit at the time the lease is signed.

Sue C, TX on Tuesday, January 3, 2017

RE: Good Faith Deposit

A deposit is meant to be refunded. If they end up not renting then it can be kept, if they rent to you, it should be returned.

Posted by Bea S, SD on Monday, January 9, 2017

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