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Deposit Receipt And Agreement
DEPOSIT RECEIPT AND AGREEMENT
RECEIVED FROM [Applicant], Applicant, the sum of $ [Amount received] for the purpose of verifying information submitted on the application and for holding the rental dwelling commonly known as [Description of property]
until or such earlier time as the undersigned owner/manager is able to complete a verification of the information submitted to on the Applicant's rental application.
This dwelling will be rented to the Applicant provided that
1. The applicant's rental application and credit history satisfy the owner;
2. Within [Period to be approved] of being approved, the Applicant signs the rental agreement offered by the Owner/Manager, a copy of which the Applicant has received, read and approved; and
3. Within [Period to be approved] of being approved, the Applicant pays all the sums necessary to move in.
Should the applicant be approved to rent this dwelling and meet all three of the conditions above, this entire deposit will be refunded except for the sum of $ [Amount not refundable], which shall be used to pay for verification of the Applicant's rental application.
Should the Applicant be approved to rent this dwelling and not do so, none of this deposit will be refunded.
Should the Applicant not be approved to rent this dwelling, the Owner/Manager will refund all of this deposit except for the sum $ [Amount not refundable], which shall be used to pay for verification of the Applicant's rental application.
Date:
Owner/Manager
Time:
Applicant
Applicant