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  1. #1
    Join Date
    Aug 2006
    Posts
    3

    Default Stopping Payment on a Lease Deposit Check

    I filled out this application here: http://www.dawnhomes.com/application.pdf
    (see statement about 2/3 of the way down the page)

    I paid a $40 check (application fee) and a $645 check (security deposit). I was approved and am scheduled to sign the lease on 9/1.

    If I walk away and stop payment on the $645 check, what's my maximum exposure...$645 in small claims court?

    My reason for wanting to do this is has nothing to do with the apartment itself.

    PJ

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: NY: Lease application...I want to stop payment on deposit

    You agreed that it was non-refundable once approved. Have you actually checked to see that the check hasn't cleared?

  3. #3
    Join Date
    Aug 2006
    Posts
    3

    Default Re: NY: Lease application...I want to stop payment on deposit

    Quote Quoting Mr. Knowitall
    View Post
    You agreed that it was non-refundable once approved. Have you actually checked to see that the check hasn't cleared?
    Yes, I know that the check has not cleared yet. My specific question has to do with me stopping payment on it.

  4. #4
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: NY: Lease application...I want to stop payment on deposit

    You may well end up liable for the check and bad check fees.

  5. #5
    Join Date
    Aug 2006
    Posts
    2

    Default Re: Stopping payment on a lease deposit check

    I have a similar problem. Would the answer be the same if there was no written clause about the security deposit?

  6. #6
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Stopping payment on a lease deposit check

    Laws vary by state. I suggest you start a new thread and share the details of your situation.

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