Tenant Holding Deposits
When is a new tenancy 'locked in'?
After a tenant pays a holding deposit they enter a 48 hour 'holding period' in which they can still legally change their mind about the tenancy.

Although this rarely happens, it's important to be aware of this time period so you know when a new tenancy is 'locked in' and you can breathe a sigh of relief that your property is rented!

Click here to view the RTA Factsheet for further information