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 security deposit, will be forfeited?

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TSllic0
post Dec 5 2008, 04:20 PM, updated 17y ago

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hi everyone, I actually paid the earnest deposit for a shoplot, and the owner has prepared a agreement for me. It say if I rent the shop for 2 years, and if I cabut before 2 years, my 2 months security deposit will be forfeited :( ??! hmm... even the agent is telling me this is a common practice but is this true? I meant it is up to us how we write the agreement... but it seems that the owner doesn't wan to compromise, even
I said just to forfeit for 1 month but not all... btw, can I get my earnest deposit back if I don't want to rent?

This post has been edited by llic0: Jan 12 2009, 06:54 PM

 

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