Holding deposit

You are here : Member Forums Access Holding deposit
This topic has been locked as no posts have been made within the last 90 days.
V
Vicki
27 Posts
1 Thanks
Hi

I want to take a deposit of 700 from my future tenants, which they are willing to pay. However they are not due to move into the house for another 6 weeks.

Can I use this as a holding deposit so I do not have to submit it to a scheme and then when they are ready to move in transfer it to a normal deposit and put it in a scheme?

this way if they then decided they didn't want the hous i could deduct fees from it?

many thanks

03/12/2010 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Martin Co
Envirovent
Landlord Broadband

Share this page