Q&As

What is a holding deposit?

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Published on LexisPSL on 01/10/2018

The following Property Q&A provides comprehensive and up to date legal information covering:

  • What is a holding deposit?

What is a holding deposit?

In the context of an assured shorthold tenancy (AST), a ‘holding deposit’ is a sum of money paid to ‘hold’ or ‘reserve’ a property before a legally binding agreement is signed.

A landlord does not have to protect a holding deposit (unlike a deposit paid to be held by the landlord or otherwise) as security for the performance of any obligations of the tenant, or the discharge of

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