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Estate agent took holding deposit, I pulled out - where do I stand?
Comments
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Request the EAs Ts and Cs *in writing*. If a T withdraws, the LA/EA is only able to retain a "reasonable" amount from a holding deposit and should have given you the Tc and Cs before you signed for a withdrawal from your funds.
In practice, this "reasonable" amount will always be the full amount, will it not?0 -
crafty_bison wrote: »Yes, that's fair enough. I don't really have a leg to stand on. It was just that the guy we were dealing with was a biiiiiiit of a w*nker so it would've been lovely to show him up.
Maybe he thinks the same of you for messing him around and wasting his time? Unfortunately for you, at the moment he's the one holding your £400...0 -
If the potential T decides to pursue the return of some/all of that holding deposit then the LA/EA will have to justify their actual costs. Failing to provide clear guidance to the T on exactly how the holding deposit may be used doesn't help the EA/LAs case. Trading Standards can advise if the OP wants to follow this up.crafty_bison wrote: »In practice, this "reasonable" amount will always be the full amount, will it not?0
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