Holding Fee Terms and Conditions
Upon approval, the holding fee will be credited toward the Security Deposit at the time the Rental Agreement is fully executed. The holding fee secures the apartment for seventy-two (72) hours from the date it is paid.
All documentation and information requested by management must be submitted within seventy-two (72) hours of payment of the holding fee. Failure to provide the required documentation, failure to respond to management requests, or failure to execute the Rental Agreement within the seventy-two (72) hour period will result in automatic cancellation of the application.
In such event, the holding fee will be retained by management as liquidated damages for removing the apartment from the market and will not be refunded.
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