Receipt for Holding Deposit (Fees Act – Wales)

Under the Tenant Fees 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 is a PDF receipt to give to the “payer” of the holding deposit and contains all appropriate information including details of the payer and importantly any agreed “deadline for agreement”.

Description

Product code: F110W – for updates see tab

WALES ONLY

Updated to include the specified information requirements.

From 1 September 2019, under the 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 is a PDF receipt to give to the “payer” of the holding deposit and contains all appropriate information including details of the payer and importantly any agreed “deadline for agreement”.

The receipt also acts as an agreement between payer and receiver of the holding deposit and outlines the reasons why the holding deposit may be retained.

Updates

## Current Version

12/19 – updated for revised specified information requirements taking effect 28 February 2020.

## Previous Versions

11/19 – updated with the specified information which takes effect from 13 December 2019 (see here: https://www.landlordsguild.com/wales-holding-deposit-specified-information-requirements-announced/)

09/19 – first added

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