Holding Deposit

Published 25 August 2022Updated 3rd April 2023

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What is a Holding Deposit?

A holding deposit is a sum of money paid by a tenant to a landlord or letting agent to reserve a rental property before signing a tenancy agreement.

The payment of a holding deposit is a common practice in the rental market, particularly in areas where the demand for rental properties is high.

FAQs about Holding Deposits

Should you request a holding deposit from my tenants?
How much is a holding deposit?
Is a holding deposit refundable?
What is my responsibility when handling a holding deposit?
When is it okay to deduct from a holding deposit?

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