Chicago, IL asked in Landlord - Tenant for Indiana

Q: If I cancel my application for a rental unit, is the landlord allowed to charge fees past the app and sec dep?

I’m not able to see an apartment until sometime in September or October. To hold the apartment I need to pay the application and security deposit. I was told that if I cancel my application, I will be charged $30 per day that the apartment is off the market. Are landlords able to do this? Seeing as I’m not able to see any apartment for at least a month, I find it excessive to charge almost $1000 penalty for changing my mind if I don’t like the apartment.

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1 Lawyer Answer

A: Yes, absolutely. The landlord is holding the apartment for you. That apartment could be rented to someone else while it is on hold. If you think the charge is excessive then you do not have to pay it.

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