At Rentr we are early in our journey to bring a better renting experience to all. At the moment we do not handle any client money and this includes Holding Deposits. So, once a property has been advertised, a viewing arranged through Rentr and an application agreed, the next stages of the journey will be for tenants and landlords to take together. Many landlords require a holding deposit be paid by an applicant in order to reserve a property. These are capped at no more than 1 weeks rent and are transferred towards security deposits when a tenancy starts. https://www.gov.uk/government/collections/tenant-fees-act