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What is a Binder?

April 26, 2017binder

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What is a Binder?

3 Answers

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10 Posted

• Good faith money posted as part of the Rental Application process. A binder does not holda property. • If accepted, the binder amount is applied to the first month’s rent, although the applicant must deposit the required “security deposit” before taking occupancy. • In the event the applicant fails to take possession after the rental application is accepted, the binder is forfeited as liquidated damages.

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The virtual binder is your own personal bibliography, drawn from the rich collection of citations in ACM’s bibliographic databases, the Digital Library and Guide to Computing Literature.

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• An amount of money posted to hold a vacancy until the rental application is either accepted or rejected. • If accepted, the binder amount is applied to the first month’s rent, although the applicant must deposit the required “security deposit” before taking occupancy. • In the event the applicant fails to take possession after the rental application is accepted, the binder is forfeited as liquidated damages.