GOOD FAITH DEPOSIT
A good faith deposit is a sum of money provided by a buyer to a seller, which demonstrates the buyer's intention to purchase.
Dictionary of Financial Terms. Copyright © 2008 All Rights Reserved.
Lofts and Flats LLC policy dictates that a good faith deposit be given before a property be taken off of the market within the Brokerage. The deposit is refundable should none of the following apply:
Dictionary of Financial Terms. Copyright © 2008 All Rights Reserved.
Lofts and Flats LLC policy dictates that a good faith deposit be given before a property be taken off of the market within the Brokerage. The deposit is refundable should none of the following apply:
- Applicant fail to submit an application with required documentation.
- Applicant fail to sign a lease after being approved by the management
- Withdrawal of application for tenancy before or after being approved by the management.