I hereby deposit this payment as “earnest money” to be refunded to me if my application is not accepted within 3 banking days.
Upon acceptance of my application, this deposit shall be retained and upon taking physical possession of the apartment, converted to a security deposit. I agree to sign a lease within 7 days or the deposit will be forfeited as liquidated damages.
If my application is not accepted, the earnest money deposit will be refunded after my payment has cleared the bank. I hereby waive any claim for damages by reason of non-acceptance (which Uptown may reject without stating any reason for doing so).