Rent deposit
I'm new to renting my house so forgive me.
I have my house listed for June 1 occupancy, but I have a family that wishes to rent it but not until July 1, I read the Residential Tenancy Act regarding rent deposits so I just want to clarify and make sure I'm not out of line.
If we sign the lease agreement for a July 1 occupancy, I can ask for a deposit up to the amount of one month's rent as a hold to help guarantee they follow through with the signed agreement? This deposit can then put towards their first months rent, or held as the 'last month' rent deposit? If in the event they backout, do I keep the deposit per breaking the agreement?
Thanks
I have my house listed for June 1 occupancy, but I have a family that wishes to rent it but not until July 1, I read the Residential Tenancy Act regarding rent deposits so I just want to clarify and make sure I'm not out of line.
If we sign the lease agreement for a July 1 occupancy, I can ask for a deposit up to the amount of one month's rent as a hold to help guarantee they follow through with the signed agreement? This deposit can then put towards their first months rent, or held as the 'last month' rent deposit? If in the event they backout, do I keep the deposit per breaking the agreement?
Thanks