holding deposit

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In February I received 300 pounds holding deposit from each of my new student tenants and I gave them a receipt to that effect.The same time
the students also signed the Tenancy Agreement beginning 1st of July. I verbaly told them that they would loose their holding deposit if they change their mind and do not take up residence. I also told them that in July I would send the holding deposit to the D.P.S as requested by law to potect it and expect confirmation of this. Are my actions legal? Many thanks
21/04/2012 00:00

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