Fill and Sign the Chapter 6 Lease Requirements and Leasing Activities 6 1 Form

36 Appendix E Model Holding Deposit Agreement The prospective tenant,__________________, pays the landlord, _______________, a holding deposit of $____ for the rental unit located at _____________________. With this payment, the parties signing below agree to the following: 1 . The landlord shall, until ______________ give first priority for rental of the rental unit to the prospec- tive tenant. 2 . If the prospective tenant decides to rent the premises s/he must sign the attached rental agreement with the landlord by the date specified above in part 1. 3 . If the tenant and landlord sign the rental agreement by the date specified above, the holding deposit shall be used as partial or full payment of a security deposit of $ ____ pursuant to the terms of a security deposit agreement to be signed by the landlord and tenant upon initiation of the rental agree- ment. 4 . If the prospective tenant does not sign the rental agreement by the date specified above, s/he relin- quishes the holding deposit to the landlord as payment for holding the rental unit for the prospective tenant. 5. If the landlord decides not to rent to the tenant for any reason, s/he will return the full amount of the deposit to the prospective tenant no later than five days after the landlord’s decision not to rent to the prospective tenant, or the date specified in (1), whichever occurs first. ________________________________________________ _________ Landlord (Signature) Date ________________________________________________ _________ Prospective Tenant 1 (Signature) Date ________________________________________________ _________ Prospective Tenant 2 (Signature) Date ________________________________________________ _________ Prospective Tenant 3 (Signature) Date ________________________________________________ _________ Prospective Tenant 4 (Signature) Date