My partner and I paid holding deposit on Tuesday for a property, unfortunately we have since decided to go our separate ways (lots can happen in 3 days)
I cannot afford the property alone & have let the landlord know. I’m being told that the holding deposit is NON REFUNDABLE … I’d like clarification of this as £350 is a lot of money to lose.
The property isn’t available until end of September so they have plenty of time to find new tenants, not like we’re supposed to be moving in next week. Help
not a question of plenty of time. he has to go thru the whole process again , he must be compensated for this > Do did read the details about holding deposits?
? non-refundable means what it says on the tin.
A holding deposit means that you are effectively going to take the property unless the LL finds something that rules you out which you did not disclose beforehand. The breakdown of your relationship is something that has ruled you out. It’s not the LL’s fault that he’s not got the tenants he was expecting.
I think everyone in this scenario has just dodged a bullet, and losing £350 now is a lot cheaper than your partner walking off a month into the fixed term on a tenancy you’ve just signed. Put this one down to a lesson learned the hard way and move on.
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