I put down a deposit to rent a home and changed our minds before moving in. Do I get it back?
Monday, June 29th, 2009 at
9:08 am
We put down the deposit with intention to buy the home during the 3 month lease. After finding out we couldn’t get financing, we decided not to rent a home that was on the market. Nothing was signed and we had the impression that the money was toward the deposit, not to hold the home from being leased. The agency says that we made a verbal agreement and they are keeping the money. Is this legal?
Sell and Rent Back
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Tagged with: Money • Moving • Rent
Filed under: flat rent back
let them try and convince a judge that was the verbal agreement , but it does sound like you may have to sue in small claims to get your monies back
When you had placed the money down on the home it had taken the home off the market. They can use the money until they find a new tenant. Then they must return the difference. They can not keep it all. And they must market the home. Best of luck
You should get some if not all back. and there should have been a written, signed contract, not just a verbal agreement
Any judge will see that your deposit was an intention of renting, thus forcing the landlord to take it off the market. While the landlord will have to try to mitigate his damages, you will probably not see much, if any, of your deposit back. Next time get everything in writing.