This website uses cookies to ensure you get the best experience on our website, read about our cookie policy.
Accept Cookies
National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

Can I keep holding deposit if tenants do not want to move in
Tenancy Deposits

Grillax
Grillax
0 Thanks
2 Posts
3 years ago
0
Hi,
Purple Bricks found tenants for my flat. We stopped marketing the flat when they gave a holding deposit.
I don't know exactly what happened but Purple Bricks said the tenants could not provide the relevant documentation to start referencing.
The flat was then put back on the market and holding deposit returned to the prospect tenants. I then lost another month and lost the early viewers who were then gone during that space of time.

Question: Why couldn't I keep the holding deposit? What is the purpose of it if tenants can change their mind and take it back?
Thanks in advance

Please Login

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

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?