When recording a Holding Deposit the fee value will represent the deposit required from the tenant. You will also be required to record the actual receipt of the holding deposit via the Bank module.
If a Holding Deposit exists for a tenant then the following will automatically occur when a new tenancy is created (for this tenant instance and the property specified when raising the tenant fee.)
- A security deposit payment will be recorded within RentPro with a value equal to the holding deposit received from the tenant.
- The tenant fee associated with the Holding Deposit will be removed from the system.