Holding DepositThis holding deposit shall be applied toward the tenant’s security deposit after the application process is complete and the prospect is approved for residency. In the event, that the residency application is not approved or if the residence is not ready for occupancy, the deposit will be returned to the applicant,. If the applicant fails to sign the rental agreement, fails to provide additional funds required for occupancy, or does not take occupancy on the scheduled move-in-date above, all of the holding deposit will be retained by the owner/manager
$500.00