The Holding Deposit will be refunded less any reasonable costs, the sum total of which may equate to or exceed the amount of the Holding Deposit. The reasonable costs includes losses for potential rent. Losses for potential rent calculated on a daily basis as follows: Monthly Rent (£) multiplied by 12 (months) divided by 365 (days). The period for calculation of losses for potential rent will begin on the date this agreement is signed and dated (Dated) and will end when any of the circumstances in section 3 of these Terms and Conditions occurs.

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