Preliminary Deposit. 4.4.1 A preliminary deposit (not to be confused with the “Deposit”) is requested from all Tenants prior to processing their application/ applying for references etc. In the unlikely event of an abortive transaction these monies are used to offset Coopers Lettings administrative expense and reference applications.
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Sources: Terms of Business for Lettings, Terms of Business for Lettings, Terms of Business for Lettings