Holding Deposits 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 depositMake sure this is the rental unit you really want. If you pay a holding deposit:
Get a receiptMake 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. 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. For more information: |