What is a «holding deposit»?

A holding deposit is a sum of money, often equal to one month's rent, given to the landlord to guarantee that the place will not be rented to anyone else before you move in.

Related Topics

• What is a «holding deposit»?
• What is a «security deposit»?
• What is an «initial inspection»?
• What is «advance notice»?
• How much should I expect to spend to cover moving expenses?