By paying this deposit, you hereby agree to the following terms:

The purpose of this deposit is to hold the rental dwelling for which applicant has applied for 48 hours from the time this payment is received. Landlord/owner agrees to give applicant first consideration in the selection of a tenant for this rental unit.  This rental unit will be rented to appliant, provided that ALL of the following conditions are met:

1. All information on the applicants' rental application(s), including but not limited to references, employment and rental verifcation, background verification, and credit history satisfy landlord's requirements.
2. Applicant(s) qualify to rent the property based on the "Tenant Requirements" which applicant has read and agreed to.
3. Within 24 hours of being approved, applicant pays the security deposit in full.
4. Applicant provides proper documentation along with the rental application.
5. Applicant completes a debt-to-income ratio worksheet and landlord finds the ratio to be within acceptable parameters.

Should applicant(s) be approved by owner/landlord to rent this unit, and meet all of the conditions above, this entire deposit will be retained by owner/landlord and will be applied to the security deposit required for the rental unit, as outlined in the lease/rental agreement.

Should applicant be approved to rent this property but applicant does not follow through as outlined above (i.e., pays security deposit in full and signs lease within 24 hours of approval), the deposit becomes non-refundable and landlord/owner will retain 100% of said deposit.

Should applicant not be approved to rent this property, the owner/landlord will refund 100% of this deposit to applicant.

By paying this deposit, you hereby agree to these terms stated herein.