HOLDING DEPOSITS - Advice please

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H
Hugh
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Hi, I have been through the forum and can't find an answer to this.

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.

Hugh

21/06/2007 00:00

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