Appellate Practice Attorney serving New York, NY
If the landlord had decided to rent the apartment to someone else for more money, would you not have claimed that it had breached the terms of your holding deposit agreement? WIthout knowing the exact terms of the contract you entered into, it seems as if you paid the landlord a certain amount to "hold" the apartment and not rent to anyone else, and it complied with the agreement. You have to live up to your end as well. Otherwise, what is the purpose of the holding deposit? As far as the fact that the apartment wasn't ready when it was supposed to be, you lost nothing from that since you didn't want to move in anyway, so I don't think it is a basis to renege on the holding agreement.
Answered on Jan 17th, 2018 at 12:33 PM