I have a prospective tenant but do not require him to place a holding deposit. Is this possible? Can I proceed to tenancy creation without taking a holding deposit?
No landlord has to take a holding deposit it is optional
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If you are using Openrent Rent Now, they will need to pay the holding deposit. If you don’t wish the tenant to do so, you’ll need to sort paperwork outside of Openrent.
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Thanks, that’s a bit annoying but at least I know now.
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