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Non Refundable Binder

This will acknowledge receipt of the sum of $ _____ by _____________________ ("Landlord") from_____________________ ("Applicant") as a holding deposit to hold vacant the rental property at _____________________, until _____________________ at _____________________. The property will be rented to Applicant on a _____________________ basis at a rent of $_____per month, if Applicant signs Landlord's written _____________________and pays Landlord the first month's rent and a $ _____ security deposit on or before that date, in which event the holding deposit will be applied to the first month's rent.
This Agreement depends upon Landlord receiving a satisfactory report of Applicant's references and credit history. Landlord and Applicant agree that if Applicant fails to sign the Agreement and pay the remaining rent and security deposit, Landlord may retain this holding deposit to compensate Landlord for lost income the inconvenience.
This binder will be returned to the Tenant less the cost of the credit check $_____ if the Tenant is not approved for any reason.
Date ____________________
Applicant __________________

Date ____________________
Applicant __________________
Date ____________________
Landlord __________________
 
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