Receipt for Holding Deposit

If taking a deposit prior to a tenancy commencing, this document ensures the deposit is a “holding deposit” until and if a tenancy agreement is signed.

Once a tenancy has been granted, the holding deposit becomes a “deposit in connection with a tenancy” or can be used to offset the first rent in advance.

Description

Product Code: F010 – for updates see updates tab

If taking a deposit prior to a tenancy commencing, this document ensures the deposit is a “holding deposit” until and if a tenancy agreement is signed.

Once a tenancy has been granted, the holding deposit becomes a “deposit in connection with a tenancy” or can be used to offset the first rent in advance.

This document is in PDF format and can be completed on screen before printing. It is also suitable for online e-signature apps.

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Version history

### Current version

08/18 – Quite a big update and most things changed. Now incorporates a proposed start date and is ready for the Tenant Fees Ban that is proposed.

### Previous versions

11/14 – Amended wording of agreement regarding if tenancy granted, becomes tenancy in connection with a tenancy.

07/14 – Added wording to make it more compatible with The Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013. Also added a new administration fee field where a fee can be entered so as to effectively split the reservation fee between a deposit to hold the property and an admin fee. See the wording at the bottom of the document for details.

04/12 – Added to this system

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