non refundable deposit
I recently put up our mobile home for sale in florida. someone called us and said they were very interested and asked if they could send us a deposit to hold the house for one week – until they could get a flight to fly and see it. we said o.k. then they called back and said they needed us to hold it for two weeks for them to get there – we advised them also that the price was firm and they never quibbled – they sent us a 500 deposit in a check and we told them on the phone it was non-refundable. when they got to the home after we held it for 2 weeks for them – they did not give us an offer or say they wanted the home – only said it was not worth what we were asking and wanted their money back. we said no – and that we held this property up for two weeks for them and told them it was non-refundable. they now sent us a certified letter stating we had 15 days to return the ”good faith” deposit to them – as they gave us an offer that we would not consider – and they have spoken to a lawyer and were told that it was illegal for us to keep and cash their money – please advise
Re: non refundable deposit
Generally, a deposit is returned if no deal occurs.
David Slater
David P. Slater, Esq.
5154 Windsor Parke Dr.
Boca Raton, FL 33496