26 April Unilateral Notice of Termination Under Contract/Release of Deposit. April 26, 2017 By Cindy Sellers Contracts 0 The top portion of the form, the Unilateral Notice of Termination Under Contract, is used where unilateral termination of the Contract is permitted and consent of the other party is not required. The bottom section, the Mutual Release of Deposit Agreement, is used where Buyer and Seller agree on how the Deposit should be disbursed. Related Posts Mutual Release of Contract/Release of Deposit. Mutual Release of Contract/Release of Deposit. In a transaction involving the resale of a condominium, which Maryland REALTORS forms are used and under what circumstances? In a transaction involving the resale of a condominium, which Maryland REALTORS forms are used and under what circumstances? What options does a broker have when there is dispute over the deposit? What options does a broker have when there is dispute over the deposit? If a tenant and landlord agree that the tenant is to pay rent in advance, is that a violation of the law limiting the amount of security deposit to two months' rent? If a tenant and landlord agree that the tenant is to pay rent in advance, is that a violation of the law limiting the amount of security deposit to two months' rent? My broker has informed me that under no circumstances may I contact the owners of property following my departure from the company and that any listing I have will remain with my current broker. My broker has informed me that under no circumstances may I contact the owners of property following my departure from the company and that any listing I have will remain with my current broker. Is my broker right? What is the Interest Rate for Security Deposits? What is the Interest Rate for Security Deposits? Comments are closed.