# Holding deposit change

**URL:** <https://community.openrent.co.uk/t/holding-deposit-change/63982>\
**Category:** Landlord Discussion\
**Created:** [13 April 2024 10:05 UTC](https://community.openrent.co.uk/t/holding-deposit-change/63982 "2024-04-13T10:05:04Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Rachel65](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/rachel65/32/17437_2.png) [@Rachel65](https://community.openrent.co.uk/u/Rachel65)\
**Post date:** [13 April 2024 10:05 UTC](https://community.openrent.co.uk/t/holding-deposit-change/63982/1 "2024-04-13T10:05:05Z")

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Is it possible for us as landlords to set our own holding deposit amount? I’d like to reduce mine.

Thanks!

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**Author:** ![Karl11](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/karl11/32/35316_2.png) [@Karl11](https://community.openrent.co.uk/u/Karl11)\
**Post date:** [14 April 2024 08:42 UTC](https://community.openrent.co.uk/t/holding-deposit-change/63982/2 "2024-04-14T08:42:19Z")

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Not if you are using Openrent RentNow. They ask for 1 week, and then discount this from the first months rent, so the tenant doesn’t lose this, unless you go on to not accept them as a tenant, and you have grounds to retain it.

Otherwise, you can do what you wish within the law.

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**Author:** ![David79](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/david79/32/515_2.png) [@David79](https://community.openrent.co.uk/u/David79)\
**Post date:** [14 April 2024 18:26 UTC](https://community.openrent.co.uk/t/holding-deposit-change/63982/3 "2024-04-14T18:26:52Z")

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I’m curious as to why you want to reduce the holding deposit?

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**Author:** ![tatemono](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/tatemono/32/19789_2.png) [@tatemono](https://community.openrent.co.uk/u/tatemono)\
**Post date:** [15 April 2024 09:27 UTC](https://community.openrent.co.uk/t/holding-deposit-change/63982/4 "2024-04-15T09:27:01Z")

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why do you need to take one at all?

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**Author:** ![system](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/system/32/11_2.png) [@system](https://community.openrent.co.uk/u/system)\
**Post date:** [14 July 2024 09:27 UTC](https://community.openrent.co.uk/t/holding-deposit-change/63982/5 "2024-07-14T09:27:20Z")

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Closed on 14 July 2024 09:27 UTC

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