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Sagot :
Answer:
You can reserve the apartment and the landlord pledges not to rent it to any other prospective tenants in exchange for paying an application deposit. Bear in mind that a holding deposit is not the same as a security deposit, which acts as a backup plan in case something goes wrong after you've signed the lease.
Explanation:
Application Deposit
When you apply for a rental home, a landlord or property manager may ask you to pay a one-time fee known as an application deposit. As a kind of assurance that a potential tenant will proceed and rent the apartment after their application is accepted, some landlords and property managers demand an application deposit.
The leasing procedure is slowed down when a prospective tenant makes a rental application but then decides they do not want to rent the flat. It may cost the landlord or property manager other prospective renters who could have applied to rent the apartment because they think this unit will be rented out. In essence, the application deposit secures the property for you in return for a fee. As a result, it temporarily removes that particular apartment from the rental market and is held for you while your application is processed.
If the landlord accepts you and you sign a lease agreement, the landlord should convert some or all of the application deposit into the security deposit. However, this is dependent on the specifics of the agreement between you and the landlord.
To learn more about visit security deposit here:
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