Putting down money to hold commercial property for lease

Asked by Slim, Placerville, CA Fri May 21, 2010

If a potential tenant ask if they can put down money to hold a commercial property and after doing so they decide they are not going to rent the property, what obligation does the owner have, if any, to return the money?

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3
Anna M Brocco, Agent, Williston Park, NY
Sat Jun 5, 2010
If you have a contract, review the contract the answer will be in there--or consult with an attorney who specializes in real estate.
0 votes
Doug Zeller, Agent, 95619, CA
Sat Jun 5, 2010
Any contract dealing with real estate has to be in writing to be enforcable. If your question or subject is not therein, the answer can be obtianed from a "Small Claims Court" judge!
0 votes
Anna Boyd, Agent, El Dorado Hills, CA
Sat May 22, 2010
Depends on the contract that you had drawn up. Consequences should all be spelled out.
Web Reference:  http://www.annaboyd.com
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