Legal Question in Real Estate Law in Virginia
Can a security deposit ever be considered an application deposit after an application is accepted along with an application fee but before a lease is signed?
Asked on 4/13/11, 6:37 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
No, if it was clear that the fee submitted with the application was the
only application fee that would be required. Strictly speaking, in
standard rental parlance, there is no such thing as an "application deposit".
Answered on 4/13/11, 6:57 am
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