Holding Deposit

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    Holding Deposit

    Hi, I've looked through previous posts on the topic of 'Holding Deposit' but still not found the help I need with this. On the Landlord Zone Tenancy Application Form (page 5) which I was going to use with my prospective tenant it states ...

    'I understand that if I lodge a holding deposit I will be given a written receipt and details of any penalties should I fail to commence the tenancy. Also that the holding deposit will be credited as a portion of my security deposit or rent once the tenancy commences'.

    All well and good but is there any standard text that I can use on my receipt relating to 'details of any penalties' or indeed a 'standard holding deposit form' which covers all of this that both myself as LL and my prospective tenant can sign? Thanks for any information.

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