When you pay a holding deposit, the landlord will hold the unit for you. This usually means that he will take the rental unit off the market.
Before you pay a holding deposit
Make sure this is the rental unit you really want. If you pay a holding deposit:
Get a receipt
Make sure to get a receipt that clearly states:
Can the landlord keep my holding deposit if I don’t move in?
It depends on what your receipt says. In most cases if you don’t move in, the landlord can keep some or all of the deposit. If you believe your holding deposit was kept inappropriately, you can try our free mediation program to help you resolve the dispute.
Contact us for more information or speak with one of our counselors at (800) 593-8222. If you live outside of Southern California, call us at (213) 974-1452.
Updated June 29, 2012
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