Holding Deposit Agreement
On 7/3/2024 (date), Landlord received $ 1000.00 as a holding deposit from the undersigned, hereinafter
called "Applicant" as consideration for the Landlord's agreement to take off the rental market the premises located at:
1571 W. El Camino Real , Unit # (if applicable) 64
(Street Address)
Mountain View , CA 94040 .
(City) (Zip)
1. Binding Agreement. Applicant understands that once this Agreement is signed by Applicant, and the holding deposit is
received by Landlord, the premises will be taken off the rental market and reserved for Applicant, and other potential
applicants will be turned away. Note that a binding rental agreement will be subject to Landlord's acceptance of Applicant's
application, and subject to Landlord and Applicant entering into a separate Rental/Lease Agreement. However, this Holding
Deposit Agreement will be binding upon execution by Landlord and Applicant. The monthly rent under the Rental/Lease
Agreement will be $ 2095.00 per month and the term of the Rental/Lease Agreement will be as follows
(Landlord check only one):
a month-to-month term, beginning on .
(Date)
a fixed term of
✘ 6mo , beginning on 7/17/2024 and ending on 1/31/2025 .
(Term) (Date) (Date)
2. Denial of Application by Landlord-Deposit Refund. If Applicant’s application is not approved within three (3) business days
from the date of this Agreement Landlord will refund to Applicant the entire deposit amount within business days
from the date Applicant was notified that the application was not approved (subject to Applicant’s check clearing the bank).
Applicant’s withdrawal of their application within three (3) business days from the date of this Agreement does not entitle
Applicant to any refund of the holding deposit amount.
3. Acceptance of Application. If Landlord approves Applicant, Applicant must sign a Rental/Lease Agreement (in a form
acceptable to Landlord) for the premises
no later than the move in date
✘ 7/17/2024
or
within business days of notice of Applicant's acceptance, or Landlord will deduct "lost rental damages"
(as defined below) incurred by Landlord as a result of holding the subject premises off market. If Applicant signs a
Rental/Lease Agreement, Landlord and Applicant will will not apply the holding deposit to first month's rent and/or
security deposit. If there is inconsistency between the terms of this Holding Deposit Agreement and a Rental/Lease
Agreement signed by the parties, the terms of Rental/Lease Agreement will control. In the event the Applicant signs a
Rental/Lease Agreement and the unit is not available on the beginning date of the Rental/Lease Agreement due to a prior
tenant holding over, the Applicant's damages shall be limited to a return of the holding deposit, any security deposit and any
advance payment of rent.
4. Applicant’s Failure to Enter into Rental/Lease Agreement. If Applicant, after approval, chooses not to enter into the
Rental/Lease Agreement, Landlord may deduct from the holding deposit "lost rental damages" to cover the lost opportunity to
rent the premises.
Landlord and Applicant agree that "lost rental damages" will be 1/30th of the monthly rent specified above for
each day the premises was taken off market (beginning on ✘ the date of this Agreement or )
and ending on the date specified in the "Acceptance of Application" section above.
Within business days after the subject premises is put back on the market, Landlord will return to Applicant, at
the Applicant's address shown below, any holding deposit balance remaining. If Applicant pays the holding deposit by check,
Landlord's return of any holding deposit balance remaining will be subject to prior verification that the Applicant's check has
cleared the bank. The holding deposit shall be returned in the form of a single check made out to all Applicants listed below.
California Apartment Association Approved Form
www.caanet.org
Form CA-017 – Revised 12/23 - ©2023 – All Rights Reserved
Page 1 of 2
Applicant’s Signature Applicant’s Signature
Applicant’s Name (please print) Applicant’s Name (please print)
Applicant’s Address Applicant’s Address
Home Phone Work Phone Home Phone Work Phone
Applicant’s Signature Applicant’s Signature
Applicant’s Name (please print) Applicant’s Name (please print)
Applicant’s Address Applicant’s Address
Home Phone Work Phone Home Phone Work Phone
Applicant’s Signature Applicant’s Signature
Applicant’s Name (please print) Applicant’s Name (please print)
Applicant’s Address Applicant’s Address
Home Phone Work Phone Home Phone Work Phone
___________________________ by ___________________________, ____________________________
CBW Properties Inc. Agent for Landlord
Landlord Individual Signing for Landlord Management Co. (If Applicable)
Hidden Garden LMW, LLC qualified in CA
7/3/2024
Date
California Apartment Association Approved Form
www.caanet.org
Form CA-017 – Revised 12/23 - ©2023 – All Rights Reserved
Page 2 of 2
