Hi all,
I will be moving into a place I'm renting with an agency on Friday. Since the agent takes payment on the first day of the month, I have to pay a pro-rated amount for 27, 28. 29, & 30. The rent PCM is £1,500.
My maths shows that this should be 4/30*1500 = £200....
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28-08-2019, 16:19 PM
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No topics found.
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23-09-2019, 15:21 PM
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Reply to Pro Rated Overpayment"you will pay a proportion of the rent to cover that month"
"We will tell you how much you need to pay so that there is no doubt."
Edit: Here is a definition for 'Month' in the agreement
Month - One 'calendar' month (for example, January, February...23-09-2019, 15:36 PM -
Reply to Pro Rated OverpaymentPlease quote EXACT wording of this clause in tenancy agreement .....23-09-2019, 15:33 PM
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Reply to Pro Rated OverpaymentRent is due first of the month. It doesn't go into any details about how pro-rated rent is calculated, only that a portion of the monthly rent needs to be paid and that they will calculate it for me so that there is no doubt.23-09-2019, 15:28 PM
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Reply to Pro Rated OverpaymentWhat does the TENANCY AGREEMENT state about when rent is due and start & end date of tenancy.: That's where to start.
£1500 pcm is £18k pa which divided by 365 (days in year) times 4 (extra days) make £197:26. Gosh, how odd, an agent unable to do sums.
The expression...23-09-2019, 15:25 PM -
An interesting article appeared in today’s mortgage trade press, the result of which demonstrates that Councils are now going after rogue Landlords and in my honest opinion not before time.
”
A landlord has been hit with record financial penalties after he was found...18-09-2019, 13:25 PM -
Reply to London Landlord Fined record amountIt is my fervent hope that those individuals involved along with other rogue landlords are noted by those lenders with whom the have obtained finance and to register such material facts on theHunter System, this would be one major way of stopping such persons from participating in property investment...21-09-2019, 07:30 AM
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Reply to London Landlord Fined record amountIt appears that this is not the first time Farook Owadally has been fined
Just googled him and the following came up
https://www.standard.co.uk/news/lond...-a3330926.html
In 2016 he along...21-09-2019, 07:14 AM -
Dear All,
I'll be brief. The estate agent found tenants under a tenant finder only service - no rent collection etc. I stated I wanted at least a stated minimum rent and that the property would be unfurnished. They came back with a rent under my stated minimum and that tenants wanted it...10-09-2019, 21:18 PM -
"Personally, I'd tell them you require them to transfer the deposit to you (assuming that was going to be the arrangment), you'll pay the commission for the one year, and everyone call it quits there else you'll sue them for the deposit and commensation for breach of fiduciary duty."
...11-09-2019, 09:58 AM