Does a holding deposit need to be protected by a company such as the DPS?
Tenancy Deposits

0 Thanks
4 Posts
13 years ago
I have a potential tenant who intends to move in, in 3 weeks time. I will secure a holding deposit from him so that if he withdraws the cost of renting the property until then is covered. Do I need to send this holding deposit to an independant company such as the DPS within 14 days of receipt or can I wait until the day the tenancy agreement is signed and the full deposit is given to me?

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £75 you can join in the discussion and get access to member's only resources and services join now.