Sometimes the process of making offers, negotiating and getting offers fully executed in writing can be a lengthy and confusing process for the parties. In dealing with rentals, in South Florida, we use a Contract to Enter Into a Lease. This contract must be fully executed (signed) by both the Tenant and the Landlord with a deposit from the Tenant in order to be considered anaccecpted deal. Then the transaction is contingent upon the actual signing of a lease. Other factors like credit review, HOA and condo approvals can also play into the final approval as well. Many times a lease takes weeks to get signed when the occupancy date is further off in the future. We like to see them signed soon after the contract so should there be an unreasonable issue in the Landlord's lease we have time to work it out. If a contract is fully executed by both parties, it is not usual for a Realtor to continue shopping for a higher price.