Holding deposit

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M
Mitchell_605
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When a suitable tenant has been found after all references and credit checks done but it is two or three weeks before they move in and complete the contract, does anyone take a holding deposit? I was thinking if when the expected day arrives for them to take up tenancy and they say they have changed their mind, time has been wasted. If so is a holding deposit allowed and what would be a reasonable amount and how do you organise it. When do you ask for the deposit itself and 1 months rent in advance.
13/04/2007 00:00

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