Is it lawful for agent to retain deposit one day after reserving house?Make Text Bigger
I wanted to rent a house and deposited £500 at 11.00 the previous day and at 1.00 the next day decide not continue with renting the house. The house is still being advertised they have not withdrawn it from the market, and I can safely say that my money has not been handed to the owner of the property, above all I have not completed a search therefore they have not incurred any expense.
the £500 would have been part of my deposit had I proceeded with the application
This was on my invoice:
“To reserve a property we require £500 non-refundable holding deposit. This payment does not guarantee the let of the property and if completion takes place this sum will be deducted from the completion funds due” Is this lawful?
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