020 8150 6119

Holding Deposit

What is a Holding Deposit?

Should an applicant wish to reserve a property to rent, a holding deposit, capped at one week’s rent, secures the property. This gives instructions to move forward with a tenancy application.

Should you wish to begin a tenancy application it is important to act quickly as there is much to do.

The agent must adhere to many deadlines and the process is extremely admin heavy so it is important to show how keen you are.

Properties remain on the market, viewings continue, and any offers that come in are presented to the landlord, whilst we wait for any applicants who have said they wish to secure a property to move forward and commit with the holding deposit.

Only once the holding deposit has been received will any interest be considered and the agent be able to move forward.