-->

Apartment Holding Fee


-->

Apartment Holding Fee. A holding deposit is a fee — typically equal to a few hundred dollars — charged by landlords to tenants to “hold” an apartment before a lease is signed. Understanding these fees, including their typical costs and how they are handled, can help navigate the rental application process more.

Apartment Leased 943/9 Rothschild Avenue, Rosebery
Apartment Leased 943/9 Rothschild Avenue, Rosebery from mgmmartin.com

After all, every day a rental isn't occupied, money is lost. Holding deposits can protect you, especially if a tenant backs out after applying for an apartment and giving a verbal commitment. State laws vary regarding how much of the holding deposit would be reasonable for a landlord to keep.

-->

Apartment Leased 943/9 Rothschild Avenue, Rosebery

An apartment holding fee is a sum paid by a prospective tenant to a landlord or property manager to reserve a specific rental unit. The deposit secures the property for that tenant, payable to the landlord or their letting agent and can legally be no more than one week’s rent. Understanding these fees, including their typical costs and how they are handled, can help navigate the rental application process more. A holding deposit is a fee — typically equal to a few hundred dollars — charged by landlords to tenants to “hold” an apartment before a lease is signed.

-->