Yes – the Holding Deposit becomes part of a Tenancy Deposit provided:
- The Applicant does not withdraw their application
- The Applicant has satisfactory references
- A tenancy is granted
The Terms and Conditions of the Holding Deposit can be found in the Reservation Agreement here
The total Tenancy Deposit for a tenancy = Holding Deposit + Additional Deposit
The Tenancy 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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