Holding deposits
Agreeing a tenancy
You have 15 days from paying a holding deposit to agree a tenancy.
You could agree a different deadline with the landlord or agent in writing.
You might lose your holding deposit if you do not take reasonable steps to agree a tenancy by the deadline.
Checking the contract
The landlord or agent should send you a tenancy agreement to look at before you sign.
Find out what to look for in a tenancy agreement.
If you sign a tenancy agreement
The landlord or agent can either:
return your holding deposit within 7 days
put your holding deposit money towards a security deposit or first rent payment if you agree
Most private renters have assured shorthold tenancies (ASTs).
If you agree that your holding deposit can be kept towards a security deposit, it must be protected within 30 days under tenancy deposit protection rules.
Last updated: 30 April 2024