Yes – the Reservation Fee becomes a deposit provided:

  • The Applicant does not withdraw their application
  • The Applicant has satisfactory references
  • A tenancy is granted

The Terms and Conditions of the Reservation Fee can be found in the Reservation Agreement here

The total value of the deposit for a tenancy = Value of Reservation Fee + Additional deposit for pet(s)

The deposit will be returned in full, subject to the performance by the tenant of all the obligations in the tenancy agreement.

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Will the reservation fee form the deposit and be returned at the end of the tenancy?
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