Obligated to accepted application? : ezLandlordForms

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Sheldon J

started a topic over 8 years ago

A potential tenant completed the online application/background check. No concerning issues. The application was accepted. A lease has not been produced/signed yet. A second potential tenant that seems to be more favorable (willing to sign a longer lease) has since come forward. However, since I ACCEPTED the first application, am I obligated to proceed with that applicant or am I still open to evaluate new applications? Thanks.

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Derrick D

said over 8 years ago

If there is no lease signed then you are not, it does seem like this would be a bad thing, however this is a business and the best business decision is the favorable one. Be sure to not set any verbal agreements to a lease instead say we have narrowed it down between you and one other tenant.

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James A

said over 8 years ago

I have determined the obligation was in effect when there was an Ernest money deposit from the accepted applicant. So whom ever is the first to put the down payment among the accepted applicants and at that point the lease can be drawn up.

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Jahfwkwi J

said over 5 years ago

20

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Jahfwkwi J

said over 5 years ago

20