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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