Withholding all or part of holding deposit if prospective tenant changes mind.

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R
RLA Member_961
5 Posts
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Hi

I take two weeks holding deposit and sign a pre-tenancy agreement before I hold my flat for a prospective tenant.

I have just had two prospective tenants fail on me before they move in. The first failure wanted a clause in the contract to allow subletting and the second didn't come up with the funds in time of the move in date. I refunded them both their holding deposits but I can't really afford to do this again as it's costing me money.

In future, can I keep holding deposits if they don't come up with the funds in time? I'm thinking I was simply unlucky on this occasion.

Thanks

Adrian

04/12/2010 00:00

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