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hey my bubblers my name is kendall and welcome back to our channel on todays video were going to be talking about how do holding deposits work so without further ado lets get straight into the video so what is a holding deposit well moving into a property can be extremely exciting but before you do this there are a number of different processes that one has to adhere to such as credit and referencing checks signing a tenancy agreement and paying a holding deposit now the holding deposit can only be paid after the rental terms have been agreed upon the terms that need to be agreed upon before paying the holding deposit include the moving end date the terms of the tenancy agreement which is the ast the tenants moving in the amount of rent to be paid the fixed term of the tenancy and the rental period holding deposits typically amount to one weeks worth of rent so if you are paying 1 500 pounds a month on a property you will need to pay a holding deposit of 346 pounds up front once th
