Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Where do I stand with a holding deposit?

April 26, 2017Business deposit Estate Finance holding renting stand

0

Posted

Where do I stand with a holding deposit?

1 Answer

0

Posted

Check out here or google ‘holding deposit’ http://www.landlordzone.co.uk/deposits.h… quote from above site… “The holding deposit is particularly appropriate where there is good demand for the property and the landlord may lose other prospective tenants if the applicant causes unnecessary delay or declines the tenancy at the last minute. In the event of the tenancy agreement falling through the landlord may well decide to keep this holding deposit as recompense for the inconvenience and cost caused” A holding deposit is totally different from any other deposit you may pay to an agent or landlord. It is rarely refunded.