While your property is being advertised, tenants have the option to offer a holding deposit.
Multiple tenants can do this at one time.
OpenRent will notify you immediately when a holding deposit is placed.
Your advertising will only be suspended once you accept a holding deposit.
You are only able to accept a holding deposit from one set of applicants at a time.
Tenants applying for a property via Rent Now place a holding deposit and only get this money back if the landlord cancels or rejects their application.
If they pull out or change their mind, their money is forfeit to the landlord, so they pay this money to demonstrate they are making a serious application and that they are no longer considering other properties. In exchange, tenants know that they will able to take the property subject to referencing and the landlord approving their application.
What if I have multiple applicants?
We appreciate that there can be several good candidates for a property at once and that landlords will be reluctant to turn away their second or third choice. As such we are happy for you to reference other groups of tenants, you can order standalone referencing as required here for £20 per applicant.