From 1st June 2019 all holding deposits in England are capped at a maximum of one week's rent by law. This change was introduced as part of the Tenant Fee Act 2019.
If you are using our Rent Now, tenancy creation service, the holding deposit will be set at one week's rent automatically. For more information on what happens after a tenant places a holding deposit click here.
Our full guide on what the Tenant Fee Ban means for you can be found here.