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Burlington Code § 18

Citation
Burlington Code § 18 (f)
Parent Document
Burlington Code ch. 18 art. V
Jurisdiction
Burlington (municipal)

Other Sections in This Document (71)

Full Text

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(f) As part of a purchase and sale agreement, an owner may require a deposit of earnest money by the certified tenant organization, the city or its designated housing agency. The owner shall not require an earnest money deposit which is more than five (5) per cent of the total purchase price, nor can the owner require this deposit to be nonrefundable.