The form below is a very basic one. Chances are you will need something more comprehensive.
DEPOSIT RECEIPT AND AGREEMENT
The sum of _____________________________________________________($ ________) is received from ___________________________________________, Applicant, for the purpose of verifying information submitted on the rental application and for holding the rental dwelling commonly known as _____________________________________________________(Address) until __________________ (Date) or such earlier time as the undersigned owner/manager is able to complete a verification of the information submitted to on the Applicant's rental application.
This dwelling will be rented to the Applicant provided that
1) the applicant's rental application and credit history satisfy the owner;
2) the Applicant signs the rental agreement within 24 hours of being approved,
3) within 24 hours of being approved, the Applicant pays all the sums necessary to move in.
In the event that the applicant be approved to rent this dwelling and meet all three of the conditions above, this entire deposit will be refunded except for the sum of ______________ ($________), which shall be used to pay for verification of the Applicant's rental application.
In the event that the Applicant be approved to rent this dwelling and does not do so, none of this deposit will be refunded.
In the event that the Applicant not be approved to rent this dwelling, the Owner/Manager will refund all of this deposit except for the sum __________________ ($_______), which shall be used to pay for verification of the Applicant's rental application.
These forms are
provided AS IS. They may not be any good. Even if they are good
in one jurisdiction, they may not work in another. And the facts
of your situation may make these forms inappropriate for you.
They are for informational purposes only, and you should consult
an attorney before using them.