Agent is holding onto funds despite tenant having moved in.

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    Agent is holding onto funds despite tenant having moved in.

    My new tenant moved in last Monday 26th Sept and the Agent has not yet sent me any funds. I am due to get 12 months, yes substantial amount, as tenant has paid upfront. The only deduction is £500 for the Agent fee. They say they have 7-10 days to send on monies is this correct?

    I really need to get some invoices from tradespeople paid.

    #2
    I cannot think why they need that long.

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      #3
      Is there anything in your agreement with the agent that confirms that timescale?

      It isn't a general practice - sometimes a weekend can cause a delay, but I usually get the funds same day/within 24 hours.

      Who's protecting the deposit?
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

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