The $500 Holding Deposit And The Security Deposit

Tyler Malvase -

The $500 Holding Deposit is different from the Security Deposit.  The $500 Holding Deposit prevents others from booking the property during your desired dates.  The Security Deposit is money that landlords use to cover costs of repairing damage accrued to their property that are beyond “wear and tear” during your stay at the property. The Security Deposit will be refunded after you move out pending any damage to the unit.

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