Forfeited Holding Fee. Broker may collect from Applicants a Holding Fee, in exchange for an agreement to reserve the premises for Applicant and take the premises off the rental market for a period of time as set forth and governed by a Holding Fee Agreement. In the event Applicant fails to enter into a Lease Agreement and their Holding Fee is forfeited, Holding Fee will be split 50/50 between Owner and Broker.
Appears in 4 contracts
Samples: Property Management Agreement, Management and Brokerage Agreement, Property Management Agreement
