Holding Fee (Deposit)
Complete this section if you wish to reserve the property for a period of time.
The Holding Fee is equivalent to one week’s rent to hold the property for a period of 7 days only, starting from the funds are received. The Agent undertakes that:
• A Holding Fee may only be requested following approval of the application by the landlord;
• A receipt for the amount, property, landlord and tenant names and holding period must be provided to the tenant,
• Where a Holding Fee has been paid, a landlord must not enter into another tenancy agreement for that period with another tenant.
• Should the tenant withdraw from the tenancy application, the landlord may retain the whole Holding Fee,
• A Holding Fee should be attributed to rent upon the tenancy commencing.