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Holding deposit agreement template

Holding deposit 2025

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The Holding Deposit Agreement outlines the terms under which a rental property is reserved for an applicant upon receipt of a holding deposit. It specifies that the property will be taken off the market, and if the application is not approved within three business days, the deposit will be refunded. If approved, the applicant must sign a rental agreement within a specified timeframe or face deductions for lost rental damages. The document also details conditions regarding the return of any remaining deposit balance and legal fees in case of disputes.

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Click ‘Get Form’ to open the Holding Deposit Agreement in the editor.
Enter the date of the agreement at the top of the form. This is crucial for establishing a timeline.
Fill in the amount of the holding deposit received by the Owner/Agent. Ensure this matches any prior agreements.
Provide the address of the premises, including unit number if applicable, city, and zip code. Accuracy here is essential for clarity.
Specify whether you are agreeing to a month-to-month term or a fixed term rental. Fill in relevant dates as required.
Review sections regarding application denial and acceptance carefully. Make sure you understand your rights regarding deposit refunds and potential deductions.
Sign and print your name at the bottom of the form, along with your contact information to finalize your agreement.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is a holding deposit normal for an apartment?

Holding deposits are a fairly common fee that come with apartment renting, especially in competitive markets. They provide tenants with a way to commit to an apartment before they are able to sign a lease, as they allow landlords to take properties off the market temporarily.

Whats the point of a holding deposit?

A holding deposit, sometimes referred to as a holding fee or reservation deposit, is a sum paid by a prospective tenant to a landlord or letting agent to reserve a rental property. This payment indicates the tenants serious intent to proceed with the tenancy agreement.

What does it mean to hold a deposit?

A deposit hold means that although a check amount was credited to your account, its not available for your use.

Do you pay a holding deposit before viewing?

Holding deposits A holding deposit is a payment to reserve a property. Do not pay a holding deposit without seeing the property. Only pay it if you are serious about taking on the tenancy.

Do you get your holding deposit back if you dont get approved?

If you are not approved or the landlord prevents renting, the deposit should be refunded. However, if you cancel after approval, the deposit may be forfeited per the agreement. Review the lease terms carefully, confirm approval status, and communicate promptly with management.

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Do you get your holding deposit back?

You should usually get all the money back if the landlord decides not to rent to you. The landlord or agent might keep your holding deposit if you: decide not to rent the property. give wrong information or tell them something that is false.