Tristan’s Landlord-Tenant Law Blog
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Tristan’s Landlord-Tenant Law Blog
Archive of: Earnest Money
Earnest Money Deposits . . . A Trap for the Uneducated Landlord
Posted by admin in Earnest Money / Comments
An earnest money deposit is defined as "the total of any payments or deposits . . . given by a prospective tenant to a landlord in return for the option of entering into a rental agreement in the future, or for having a rental agreement considered by a landlord." The applicable section of the Administrative Code that deals with earnest money is ATCP 134.05 (1) ...
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