How much is the holding deposit?

For an Incremental Living apartment in England, the holding deposit is one week’s rent. This is the legal maximum for an ordinary residential tenancy.

To calculate it from the advertised monthly rent, multiply the monthly rent by 12 & divide by 52.

Example

• Monthly rent: £2,000.
• Annual rent: £2,000 × 12 = £24,000.
• One week’s rent: £24,000 ÷ 52 = £461.54.

The amount is for the whole tenancy, not for each applicant. If two people apply jointly, there is still only one holding deposit for the apartment.

We will confirm the exact figure, payment link & refund terms before you pay. If your application succeeds, we can refund it or, with your agreement, credit it towards your first rent or tenancy deposit.

For our Dublin development, we do not charge a separate English-style holding deposit. Any agreed reservation payment counts towards the Irish security deposit, capped at one month’s rent. Read the official English guidance.