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Upon acceptance of the tenant we require a Reservation Fee to take the property off the market. This will be credited to the first months rent upon lease execution. In addition a Security Deposit will also be collected at lease signing. Security deposits will be held in a non-interest bearing Escrow Account. Our leases are annual leases and have been reviewed by an attorney who specializes in Landlord/Tenant Law. Leases are continuously updated to stay current with the changes in local and state laws. Tenant responsibilities are clearly defined, giving us the ability to enforce lease requirements.