(deposit of cash only and is not subject to VAT) Payment of the holding fee will be required in advance; this is in order to reserve the property and remove it from our availability list. The sum of the deposit will be deducted from your first month's rent in advance. Should the tenant withdraw from the proposed letting, through no fault of the landlord or the agent, all of the 'Holding Deposit' will be retained. None of the Holding Deposit will be retained should the Tenant's withdrawal be due to a breach of the proposed letting agreement by the landlord or agent. The holding deposit shows good faith on the part of a prospective tenant.