Product code: F110WD – for updates see tab
From 1 September 2019, Renting Homes (Fees etc.) (Wales) Act 2019, a “holding deposit” is a permitted payment up to a maximum of 1 weeks rent. However, there is a very specific procedure to be followed when handling holding deposits.
This template informs the payer of the holding deposit that the landlord or agent (or whoever received the holding deposit) has repaid the holding deposit and the landlord has decided not to proceed with a tenancy. The letter is in Word format and can be edited to suit.