Receipt for Holding Deposit (Tenant Fees Act - England)
From 1 June 2019, under the Tenant Fees Act 2019, a "holding deposit" is a permitted payment up to a maximum of 1 week of rent. However, a particular procedure must 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 the payer and receiver of the holding deposit and outlines why you may retain the holding deposit.
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