HOLDING DEPOSITS - Advice please
Situation is as follows:
Monthly Rental - £850
Deposit - £950
Holding Deposit is £200.
Holding deposit has been paid 2 days ago, and therefore there is a balance of the deposit to be paid of £750 once the credit checks and references are in, and the first month rent (£850) to be paid on the first day of occupation.
My question is - When does the 14 days in which i have to notify the tenant run from, is it from the date i receive the £200 holding deposit, or will it be from the date i receive the balance of the £750.
Many thanks for your time.
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