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Unreal Estate

Because Real Estate in New York City often seems a little UNreal…

Category: due diligence

Written by Eirik Davey-GislasonMarch 27, 2017March 27, 2018

Good Faith Deposits: A Part of the Process or a Despicable SCAM?

Originally posted on Unreal Estate:
I am often asked by clients about “good faith deposits” and whether they should be skeptical about providing a deposit when submitting an application for an apartment. The answer is, it depends. If the deposit is going to the landlord, that is likely above board. However, if the deposit is…

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