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Forum / Leasing Issues / Res. fee

How can I best discribe a reservation fee?

Lynne F, NC on Saturday, March 12, 2011

RE: Res. fee

You mean a deposit to reserve a rental property? I would refer to it as a reservation deposit.

Posted by Gregory T, CA on Tuesday, March 15, 2011

RE: Res. fee

No you call it a holding fee. A holding deposit must be given back if they change there mind. A fee is just that the cost of holding the unit.

Posted by Doug K, CO on Sunday, June 19, 2011

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