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.

Still not answered your question? We love questions so fire it at us using the contact details here

Please rate this article so we know how well it answered your question…

Tagged:

Leave a Reply