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The video discusses the handling of holding deposits in rental agreements. If a tenant changes their mind but the property remains available, the holding deposit should be fully refunded. However, if the landlord pulls out after taking a holding deposit, they may claim it as a forfeit, meaning the tenant loses the deposit. Additionally, if a tenant fails a credit check but was truthful in their application, they are entitled to a full refund of the holding deposit. The landlord is required to notify the tenant within seven days regarding the decision to retain the deposit; failure to do so mandates a full refund.
