A holding deposit is a sum of money paid to a landlord or letting agent to reserve a rental property before the signing of a tenancy agreement. 

The option to Receipt Holding Deposit is only available when the status of the application is Offer Pending or References Pending.

When the status changes to Preparing Tenancy, if you need to add a holding deposit, it will need to be added as a Receipt.

When receipting a holding deposit, Jupix will advise the maximum amount which can be taken to ensure you are adhering to legislation.

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Once reconciled, the money will allocate to any charges subsequently added to the tenant ledger. To prevent this happening, fees shouldn't be added until the point you Add Tenant First Account.

For Scotland, as requesting a holding deposit is unlawful, the following will be shown:

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Related articles: 

 

How Jupix calculates deposits

How to set up holding deposit amount and tenancy deposit amount warnings

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