A hold deposit in the amount of the security deposit is required to hold the home off the market for an approved applicant. All deposits collected are date and time-stamped and the first one paid will secure the unit. The hold deposit will be credited towards the security deposit upon lease execution. If you cancel your hold deposit or otherwise decide not to lease the home, a prorated portion of the hold deposit will be forfeited. The prorated amount will be charged for each day the unit was held off the market and will be calculated based upon a thirty-day basis.